Tate & Lyle (LON:TATE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 411.35 and traded as high as GBX 559. Tate & Lyle shares last traded at GBX 559, with a volume of 3,305,196 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on TATE. UBS Group reiterated a “neutral” rating and issued a GBX 375 price target on shares of Tate & Lyle in a research note on Monday, May 18th. Berenberg Bank boosted their price objective on shares of Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 595 target price on shares of Tate & Lyle in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 516.

Tate & Lyle Price Performance

The business has a fifty day moving average of GBX 491.26 and a two-hundred day moving average of GBX 411.35. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.77 and a current ratio of 2.71. The firm has a market capitalization of £2.47 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 1.37 and a beta of 0.35.

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