Tate & Lyle (LON:TATE) Hits New 52-Week Low - Should You Sell?

Tate & Lyle plc (LON:TATE - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 582 ($7.33) and last traded at GBX 583.50 ($7.34), with a volume of 22677527 shares changing hands. The stock had previously closed at GBX 632 ($7.95).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tate & Lyle from GBX 850 ($10.70) to GBX 950 ($11.96) and gave the company a "buy" rating in a report on Wednesday, December 11th.

Tate & Lyle Stock Down 1.7 %

The firm has a market capitalization of £2.53 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.37 and a beta of 0.50. The business has a 50 day simple moving average of GBX 656.74 and a 200-day simple moving average of GBX 687.32. 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

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.