Tate & Lyle (LON:TATE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Tate & Lyle plc (LON:TATE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 370.27 and traded as high as GBX 376.80. Tate & Lyle shares last traded at GBX 374.80, with a volume of 2,630,255 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Tate & Lyle to a “buy” rating and lifted their target price for the stock from GBX 460 to GBX 595 in a research report on Friday. 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.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 493.75.

Tate & Lyle Stock Performance

The business’s 50-day simple moving average is GBX 360.81 and its 200 day simple moving average is GBX 372.60. The firm has a market cap of £2.39 billion, a P/E ratio of 96.55, a P/E/G ratio of 1.37 and a beta of 0.28. The company has a debt-to-equity ratio of 83.31, a quick ratio of 1.77 and a current ratio of 2.19.

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.