Tate & Lyle (LON:TATE) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Tate & Lyle plc (LON:TATE) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 433.23 and traded as low as GBX 372. Tate & Lyle shares last traded at GBX 378.40, with a volume of 146,169,984 shares changing hands.

Analyst Ratings Changes

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

Tate & Lyle Stock Down 0.9%

The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66. The stock has a 50-day simple moving average of GBX 371.49 and a two-hundred day simple moving average of GBX 433.23. The firm has a market cap of £1.67 billion, a PE ratio of 67.61, a P/E/G 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 earnings per share (EPS) for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. Analysts expect that Tate & Lyle plc will post 51.3392857 earnings per share for the current year.

Insider Transactions at Tate & Lyle

In other Tate & Lyle news, insider Sarah Kuijlaars purchased 15,000 shares of Tate & Lyle stock in a transaction on Tuesday, November 11th. The shares were acquired at an average cost of GBX 390 per share, for a total transaction of £58,500. 1.66% of the stock is currently owned by corporate insiders.

About Tate & Lyle

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.