Tate & Lyle plc (LON:TATE) Insider Purchases £77,700 in Stock

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was purchased at an average cost of GBX 518 ($6.96) per share, with a total value of £77,700 ($104,337.32).

Sarah Kuijlaars also recently made the following trade(s):

• On Wednesday, May 28th, Sarah Kuijlaars purchased 15,000 shares of Tate & Lyle stock. The shares were bought at an average cost of GBX 562 ($7.55) per share, for a total transaction of £84,300 ($113,199.95).

Tate & Lyle Price Performance

Shares of LON:TATE opened at GBX 520 ($6.98) on Friday. The firm’s 50 day moving average is GBX 546.85 and its two-hundred day moving average is GBX 563.87. Tate & Lyle plc has a 52 week low of GBX 460.40 ($6.18) and a 52 week high of GBX 848.50 ($11.39). The firm has a market capitalization of £2.26 billion, a P/E ratio of 10.85, a PEG ratio of 1.37 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.

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

Analyst Upgrades and Downgrades

TATE has been the topic of several research reports. Berenberg Bank increased their price objective on shares of Tate & Lyle from GBX 600 ($8.06) to GBX 620 ($8.33) and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 800 ($10.74) price objective on shares of Tate & Lyle in a research note on Thursday, July 3rd.

Tate & Lyle Company Profile

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.