Tate & Lyle (LON:TATE) Share Price Crosses Above 200-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 370.77 and traded as high as GBX 372.80. Tate & Lyle shares last traded at GBX 363.57, with a volume of 1,393,664 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 460 price target on shares of Tate & Lyle in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Tate & Lyle currently has a consensus rating of “Moderate Buy” and an average price target of GBX 460.

Tate & Lyle Stock Performance

The firm has a market cap of £1.63 billion, a PE ratio of 65.79, a PEG ratio of 1.37 and a beta of 0.29. The company has a current ratio of 2.19, a quick ratio of 1.77 and a debt-to-equity ratio of 83.31. The firm’s 50 day simple moving average is GBX 355.53 and its 200 day simple moving average is GBX 370.77.

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.