Tate & Lyle plc (LON:TATE - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as GBX 506.50 ($6.47) and last traded at GBX 506.50 ($6.47), with a volume of 463443 shares traded. The stock had previously closed at GBX 515 ($6.58).
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Berenberg Bank downgraded shares of Tate & Lyle to a "hold" rating and reduced their price target for the company from GBX 900 ($11.50) to GBX 600 ($7.67) in a research report on Tuesday, February 18th. Citigroup reduced their target price on Tate & Lyle from GBX 725 ($9.26) to GBX 610 ($7.79) and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Tate & Lyle from GBX 850 ($10.86) to GBX 950 ($12.14) and gave the stock a "buy" rating in a research report on Wednesday, December 11th.
View Our Latest Research Report on TATE
Tate & Lyle Trading Down 2.2 %
The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66. The company has a market capitalization of £2.10 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a 50-day moving average price of GBX 555.70 and a 200-day moving average price of GBX 651.84.
Insiders Place Their Bets
In other news, insider Sarah Kuijlaars purchased 20,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of GBX 564 ($7.21) per share, with a total value of £112,800 ($144,134.93). Company insiders own 2.22% of the company's stock.
About Tate & Lyle
(
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.
Further Reading
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