Tate & Lyle (LON:TATE) Reaches New 1-Year Low – Here’s Why

Tate & Lyle plc (LON:TATE)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 358 and last traded at GBX 358, with a volume of 3638497 shares traded. The stock had previously closed at GBX 370.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Tate & Lyle from GBX 590 to GBX 390 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Citigroup dropped their price target on shares of Tate & Lyle from GBX 670 to GBX 540 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Tate & Lyle from GBX 800 to GBX 460 and set a “buy” rating for the company in a report on Thursday, October 2nd. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 450 target price on shares of Tate & Lyle in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 460.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The stock has a 50 day moving average price of GBX 396.08 and a 200-day moving average price of GBX 488.77. The stock has a market capitalization of £1.64 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50.

Tate & Lyle (LON:TATE) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 12.60 EPS for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. On average, analysts forecast that Tate & Lyle plc will post 51.3392857 earnings per share for the current year.

Insider Activity

In other Tate & Lyle news, insider Steve Foots purchased 16,000 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average cost of GBX 370 per share, for a total transaction of £59,200. Also, insider Nick Hampton acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average cost of GBX 369 per share, with a total value of £92,250. Insiders acquired 56,000 shares of company stock worth $20,995,000 over the last three months. Insiders own 1.66% of the company’s stock.

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.