Shares of Tate & Lyle plc (LON:TATE - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 531 ($6.84) and last traded at GBX 532 ($6.86), with a volume of 402476 shares. The stock had previously closed at GBX 535.50 ($6.90).
Wall Street Analysts Forecast Growth
TATE has been the subject of several research analyst reports. Berenberg Bank cut shares of Tate & Lyle to a "hold" rating and reduced their price target for the company from GBX 900 ($11.60) to GBX 600 ($7.73) in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of Tate & Lyle from GBX 725 ($9.34) to GBX 610 ($7.86) and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Tate & Lyle from GBX 850 ($10.95) to GBX 950 ($12.24) and gave the company a "buy" rating in a research note on Wednesday, December 11th.
Read Our Latest Stock Report on TATE
Tate & Lyle Stock Performance
The stock's 50-day moving average price is GBX 617.37 and its 200 day moving average price is GBX 677.47. The firm has a market cap of £2.26 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77.
Insider Buying and Selling at Tate & Lyle
In related news, insider Sarah Kuijlaars purchased 20,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of GBX 564 ($7.27) per share, for a total transaction of £112,800 ($145,360.82). 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.
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