Tate & Lyle (LON:TATE) Reaches New 12-Month Low – Time to Sell?

Shares of Tate & Lyle plc (LON:TATE) reached a new 52-week low on Tuesday . The stock traded as low as GBX 531 ($6.84) and last traded at GBX 532 ($6.86), with a volume of 402476 shares traded. The stock had previously closed at GBX 535.50 ($6.90).

Analyst Upgrades and Downgrades

TATE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tate & Lyle from GBX 850 ($10.96) to GBX 950 ($12.25) and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup dropped their price objective on shares of Tate & Lyle from GBX 725 ($9.35) to GBX 610 ($7.86) and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Berenberg Bank cut Tate & Lyle to a “hold” rating and reduced their target price for the company from GBX 900 ($11.60) to GBX 600 ($7.73) in a research note on Tuesday, February 18th.

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The company has a 50 day simple moving average of GBX 620.14 and a 200-day simple moving average of GBX 678.58. The firm has a market cap of £2.27 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50.

Insider Transactions at Tate & Lyle

In related news, insider Sarah Kuijlaars bought 20,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of GBX 564 ($7.27) per share, with a total value of £112,800 ($145,398.30). Company insiders own 2.22% of the company’s stock.

About Tate & Lyle

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.