Tate & Lyle plc (LON:TATE - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 515 ($6.66) and last traded at GBX 515.18 ($6.66), with a volume of 201619 shares traded. The stock had previously closed at GBX 519.50 ($6.72).
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on TATE shares. Berenberg Bank cut shares of Tate & Lyle to a "hold" rating and lowered their price target for the company from GBX 900 ($11.64) to GBX 600 ($7.76) in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tate & Lyle from GBX 850 ($10.99) to GBX 950 ($12.29) and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, Citigroup lowered their price target on shares of Tate & Lyle from GBX 725 ($9.38) to GBX 610 ($7.89) and set a "neutral" rating for the company in a research report on Tuesday, February 25th.
Get Our Latest Analysis on Tate & Lyle
Tate & Lyle Price Performance
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 firm has a market capitalization of £2.29 billion, a PE ratio of 10.98, a PEG ratio of 1.37 and a beta of 0.50. The firm's fifty day simple moving average is GBX 601.45 and its 200-day simple moving average is GBX 671.71.
Insiders Place Their Bets
In related 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 ($7.30) per share, for a total transaction of £112,800 ($145,906.09). Corporate insiders own 2.22% of the company's stock.
Tate & Lyle Company Profile
(
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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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