Tate & Lyle plc (LON:TATE - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 553.50 ($7.01) and last traded at GBX 553.50 ($7.01), with a volume of 2105537 shares trading hands. The stock had previously closed at GBX 568 ($7.20).
Analysts Set New Price Targets
TATE has been the topic of a number of research reports. Berenberg Bank downgraded shares of Tate & Lyle to a "hold" rating and reduced their price target for the company from GBX 900 ($11.40) to GBX 600 ($7.60) in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tate & Lyle from GBX 850 ($10.77) to GBX 950 ($12.04) and gave the company a "buy" rating in a report on Wednesday, December 11th.
Read Our Latest Report on Tate & Lyle
Tate & Lyle Stock Performance
The company has a market capitalization of £2.37 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.37 and a beta of 0.50. The business's fifty day simple moving average is GBX 644.37 and its 200-day simple moving average is GBX 684.37. The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22.
About Tate & Lyle
(
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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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