Tate & Lyle PLC (LON:TATE)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $729.03 and traded as low as $724.60. Tate & Lyle shares last traded at $735.00, with a volume of 1,605,348 shares traded.
A number of analysts recently weighed in on TATE shares. Goldman Sachs Group upgraded Tate & Lyle to a “buy” rating and boosted their target price for the stock from GBX 820 ($10.71) to GBX 830 ($10.85) in a research report on Tuesday, November 26th. Deutsche Bank restated a “hold” rating on shares of Tate & Lyle in a research report on Friday, November 8th. Liberum Capital restated a “buy” rating on shares of Tate & Lyle in a research report on Thursday, November 7th. Bank of America started coverage on Tate & Lyle in a research report on Tuesday, September 24th. They issued a “neutral” rating and a GBX 790 ($10.32) target price for the company. Finally, Credit Suisse Group restated a “neutral” rating on shares of Tate & Lyle in a research report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 757.86 ($9.90).
The stock has a 50-day moving average of GBX 697.70 and a two-hundred day moving average of GBX 729.03. The company has a market cap of $3.44 billion and a P/E ratio of 15.00. The company has a debt-to-equity ratio of 57.62, a quick ratio of 1.01 and a current ratio of 1.67.
Tate & Lyle Company Profile (LON:TATE)
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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