Tate & Lyle (LON:TATE) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Tate & Lyle plc (LON:TATE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 685.17 ($8.61) and traded as high as GBX 699.50 ($8.79). Tate & Lyle shares last traded at GBX 693 ($8.71), with a volume of 799,289 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tate & Lyle from GBX 850 ($10.69) to GBX 950 ($11.94) and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

Tate & Lyle Stock Down 1.4 %

The company has a market cap of £2.59 billion, a PE ratio of 1,552.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.62, a current ratio of 3.22 and a quick ratio of 1.77. The company has a fifty day moving average price of GBX 741.51 and a 200 day moving average price of GBX 685.17.

Tate & Lyle Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 0.83%. Tate & Lyle's dividend payout ratio (DPR) is presently 4,318.18%.

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.