Tate & Lyle (LON:TATE) Share Price Passes Below Two Hundred Day Moving Average of $732.17

Shares of Tate & Lyle PLC (LON:TATE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $732.17 and traded as low as $711.20. Tate & Lyle shares last traded at $709.00, with a volume of 316,136 shares traded.

TATE has been the subject of a number of recent analyst reports. Shore Capital reissued a “hold” rating on shares of Tate & Lyle in a research report on Thursday, November 7th. Goldman Sachs Group raised their price target on shares of Tate & Lyle from GBX 780 ($10.19) to GBX 820 ($10.71) and gave the stock a “neutral” rating in a research report on Monday, November 11th. BNP Paribas reissued a “neutral” rating on shares of Tate & Lyle in a research report on Friday, September 6th. Credit Suisse Group reissued a “neutral” rating on shares of Tate & Lyle in a research report on Friday, November 8th. Finally, Bank of America initiated coverage on shares of Tate & Lyle in a research report on Tuesday, September 24th. They set a “neutral” rating and a GBX 790 ($10.32) price target for the company. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tate & Lyle currently has an average rating of “Hold” and an average price target of GBX 756.43 ($9.88).

The company has a debt-to-equity ratio of 57.62, a current ratio of 1.67 and a quick ratio of 1.01. The firm has a market cap of $3.32 billion and a price-to-earnings ratio of 14.44. The business’s 50-day moving average price is GBX 693.69 and its two-hundred day moving average price is GBX 731.71.

The firm also recently disclosed a dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, November 21st will be issued a GBX 8.80 ($0.11) dividend. This represents a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 21st. Tate & Lyle’s dividend payout ratio is presently 0.61%.

Tate & Lyle Company Profile (LON:TATE)

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.

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