Tate & Lyle (LON:TATE) Sets New 1-Year Low – Time to Sell?

Shares of Tate & Lyle plc (LON:TATE) reached a new 52-week low on Wednesday . The company traded as low as GBX 553.50 ($6.98) and last traded at GBX 553.50 ($6.98), with a volume of 2105537 shares trading hands. The stock had previously closed at GBX 568 ($7.17).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Tate & Lyle from GBX 850 ($10.72) to GBX 950 ($11.98) and gave the company a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Price Performance

The company has a 50 day moving average price of GBX 654.01 and a 200 day moving average price of GBX 686.97. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.37 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.

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.