Tate & Lyle (LON:TATE) Reaches New 12-Month Low – Here’s Why

Tate & Lyle plc (LON:TATE) shares hit a new 52-week low on Friday . The stock traded as low as GBX 506.50 ($6.53) and last traded at GBX 506.50 ($6.53), with a volume of 463443 shares. The stock had previously closed at GBX 515 ($6.64).

Analysts Set New Price Targets

TATE has been the topic of several recent research reports. Berenberg Bank downgraded shares of Tate & Lyle to a “hold” rating and dropped their price objective for the company from GBX 900 ($11.61) to GBX 600 ($7.74) in a report on Tuesday, February 18th. Citigroup lowered their price target on shares of Tate & Lyle from GBX 725 ($9.35) to GBX 610 ($7.87) and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Tate & Lyle from GBX 850 ($10.96) to GBX 950 ($12.25) and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Price Performance

The business has a fifty day moving average of GBX 565.60 and a 200-day moving average of GBX 655.54. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66. The firm has a market cap of £2.16 billion, a PE ratio of 10.37, a PEG ratio of 1.37 and a beta of 0.50.

Insider Transactions at Tate & Lyle

In other news, insider Sarah Kuijlaars purchased 20,000 shares of Tate & Lyle stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of GBX 564 ($7.27) per share, for a total transaction of £112,800 ($145,454.55). Insiders own 2.22% of the company’s stock.

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.