Tate & Lyle plc (LON:TATE - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 684.38 ($8.37) and traded as low as GBX 617.50 ($7.56). Tate & Lyle shares last traded at GBX 630 ($7.71), with a volume of 1,605,368 shares.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Tate & Lyle from GBX 850 ($10.40) to GBX 950 ($11.63) and gave the company a "buy" rating in a report on Wednesday, December 11th.
Check Out Our Latest Research Report on Tate & Lyle
Tate & Lyle Price Performance
The stock has a 50 day moving average of GBX 704.02 and a 200-day moving average of GBX 684.38. The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22. The company has a market cap of £2.41 billion, a PE ratio of 1,440.91, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50.
Tate & Lyle Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, January 6th. Investors of record on Thursday, November 21st were issued a dividend of GBX 6.40 ($0.08) per share. This represents a dividend yield of 0.83%. The ex-dividend date was Thursday, November 21st. Tate & Lyle's dividend payout ratio (DPR) is 4,318.18%.
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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