Tate & Lyle (LON:TATE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Tate & Lyle plc (LON:TATE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 452.94 and traded as high as GBX 554. Tate & Lyle shares last traded at GBX 553, with a volume of 4,354,485 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TATE. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 595 target price on shares of Tate & Lyle in a research note on Friday, June 26th. UBS Group reaffirmed a “neutral” rating and issued a GBX 375 price target on shares of Tate & Lyle in a research note on Monday, May 18th. Finally, Berenberg Bank lifted their price objective on Tate & Lyle from GBX 464 to GBX 554 and gave the company a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 516.

Tate & Lyle Price Performance

The stock has a market cap of £2.45 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.37 and a beta of 0.35. The business has a fifty day moving average of GBX 556.80 and a 200 day moving average of GBX 454.18. The company has a debt-to-equity ratio of 80.98, a current ratio of 2.71 and a quick ratio of 1.77.

Tate & Lyle (LON:TATE) last posted its earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share (EPS) for the quarter. The firm had revenue of GBX 200.60 billion during the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. On average, equities analysts predict that Tate & Lyle plc will post 51.3392857 earnings per share for the current year.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.