Tate & Lyle (LON:TATE) Stock Price Passes Above Two Hundred Day Moving Average of $640.67

Tate & Lyle plc (LON:TATE) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

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

Tate & Lyle Stock Performance

The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62. The business has a fifty day simple moving average of GBX 644.54 and a 200-day simple moving average of GBX 640.83. The firm has a market cap of £2.62 billion, a P/E ratio of 1,552.27, a P/E/G ratio of 1.36 and a beta of 0.50.

Insider Transactions at Tate & Lyle

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

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.