Tate & Lyle plc (LON:TATE) Insider Sarah Kuijlaars Acquires 15,000 Shares

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars bought 15,000 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average price of GBX 562 ($7.56) per share, with a total value of £84,300 ($113,428.42).

Tate & Lyle Stock Performance

Shares of LON:TATE opened at GBX 553 ($7.44) on Friday. The business’s fifty day moving average price is GBX 543.33 and its two-hundred day moving average price is GBX 603.83. Tate & Lyle plc has a fifty-two week low of GBX 460.40 ($6.19) and a fifty-two week high of GBX 848.50 ($11.42). The stock has a market capitalization of £2.41 billion, a price-to-earnings ratio of 11.53, 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.

Tate & Lyle (LON:TATE) last announced its earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.68) EPS for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. As a group, analysts predict that Tate & Lyle plc will post 51.3392857 EPS for the current fiscal year.

Tate & Lyle Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 10th were given a GBX 10 ($0.13) dividend. This represents a yield of 2.75%. This is a positive change from Tate & Lyle’s previous dividend of $6.40. The ex-dividend date was Thursday, April 10th. Tate & Lyle’s dividend payout ratio (DPR) is presently 39.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Berenberg Bank lowered Tate & Lyle to a “hold” rating and reduced their target price for the stock from GBX 900 ($12.11) to GBX 600 ($8.07) in a report on Tuesday, February 18th. Citigroup cut their price target on Tate & Lyle from GBX 725 ($9.76) to GBX 610 ($8.21) and set a “neutral” rating for the company in a report on Tuesday, February 25th.

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.