Tate & Lyle (LON:TATE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Tate & Lyle plc (LON:TATEGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 472.93 and traded as high as GBX 558.50. Tate & Lyle shares last traded at GBX 558, with a volume of 620,259 shares traded.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Tate & Lyle

Tate & Lyle Stock Up 0.2%

The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 80.98. The business’s 50-day simple moving average is GBX 555.85 and its 200-day simple moving average is GBX 472.93. The company has a market capitalization of £2.47 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35.

Tate & Lyle Company Profile

(Get Free Report)

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.

Further Reading

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