Tate & Lyle (LON:TATE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Tate & Lyle plc (LON:TATE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 428.27 and traded as high as GBX 560.50. Tate & Lyle shares last traded at GBX 559, with a volume of 800,884 shares.

Analyst Ratings Changes

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

Tate & Lyle Stock Down 0.1%

The stock has a market cap of £2.47 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.37 and a beta of 0.34. 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 firm’s fifty day moving average is GBX 542.35 and its 200 day moving average is GBX 428.27.

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