Tate & Lyle (LON:TATE) Stock Price Crosses Above 200-Day Moving Average of $640.67

Tate & Lyle plc (LON:TATE)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 640.67 ($8.42) and traded as high as GBX 696 ($9.15). Tate & Lyle shares last traded at GBX 683 ($8.98), with a volume of 900,049 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 860 ($11.31) target price on shares of Tate & Lyle in a research note on Wednesday, May 29th.

Tate & Lyle Trading Down 0.2 %

The firm has a market cap of £2.62 billion, a price-to-earnings ratio of 1,552.27, a PEG ratio of 1.36 and a beta of 0.50. The company has a fifty day moving average price of GBX 644.54 and a 200-day moving average price of GBX 640.67. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62.

Insider Activity at Tate & Lyle

In other Tate & Lyle news, insider Jeffrey Carr purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was purchased at an average price of GBX 624 ($8.21) per share, for a total transaction of £62,400 ($82,051.28). In related news, insider David Hearn acquired 15,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of GBX 655 ($8.61) per share, with a total value of £101,525 ($133,497.70). Also, insider Jeffrey Carr bought 10,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was bought at an average price of GBX 624 ($8.21) per share, for a total transaction of £62,400 ($82,051.28). 2.19% of the stock is owned by company insiders.

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.