Tate & Lyle plc (LON:TATE – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 759.55 ($9.18) and traded as low as GBX 689.40 ($8.33). Tate & Lyle shares last traded at GBX 691.20 ($8.35), with a volume of 663,779 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research firms have commented on TATE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 850 ($10.27) price target on shares of Tate & Lyle in a research report on Monday, June 20th. Citigroup upgraded Tate & Lyle to a “buy” rating in a research report on Thursday, September 15th. Berenberg Bank restated a “buy” rating and set a GBX 935 ($11.30) target price on shares of Tate & Lyle in a research report on Friday, June 10th. Finally, Jefferies Financial Group lowered Tate & Lyle to a “hold” rating and cut their target price for the company from GBX 880 ($10.63) to GBX 780 ($9.42) in a research report on Monday, September 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 876.25 ($10.59).
Tate & Lyle Trading Down 0.3 %
The company has a current ratio of 3.06, a quick ratio of 0.48 and a debt-to-equity ratio of 41.91. The firm has a 50-day moving average of GBX 770.45 and a 200 day moving average of GBX 759.55. The company has a market cap of £2.78 billion and a P/E ratio of 11,520.00.
Tate & Lyle Company Profile
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.
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