Tate & Lyle (LON:TATE) Stock Passes Above 200 Day Moving Average – Here’s Why

Tate & Lyle plc (LON:TATEGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 466.81 and traded as high as GBX 556.50. Tate & Lyle shares last traded at GBX 556.50, with a volume of 2,925,827 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on TATE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 595 price target on shares of Tate & Lyle in a research report on Friday, June 26th. Berenberg Bank upped their price objective on Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 375 price objective on shares of Tate & Lyle in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Tate & Lyle currently has an average rating of “Hold” and a consensus target price of GBX 516.

View Our Latest Stock Analysis on Tate & Lyle

Tate & Lyle Price Performance

The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 80.98. The firm has a market capitalization of £2.46 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.37 and a beta of 0.35. The company’s 50 day moving average is GBX 555.72 and its 200-day moving average is GBX 467.42.

Tate & Lyle Company Profile

(Get Free Report)

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.

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