Tate & Lyle PLC (LON:TATE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $757.40. Tate & Lyle shares last traded at $754.60, with a volume of 243,360 shares traded.
Several research analysts have recently issued reports on TATE shares. Shore Capital restated a “hold” rating on shares of Tate & Lyle in a report on Thursday, May 23rd. Jefferies Financial Group dropped their price objective on shares of Tate & Lyle from GBX 720 ($9.41) to GBX 620 ($8.10) and set a “hold” rating on the stock in a report on Monday, June 3rd. Liberum Capital restated a “buy” rating on shares of Tate & Lyle in a report on Thursday, June 27th. Barclays reissued an “overweight” rating on shares of Tate & Lyle in a research note on Wednesday, July 17th. Finally, Berenberg Bank upped their target price on shares of Tate & Lyle from GBX 740 ($9.67) to GBX 795 ($10.39) and gave the company a “hold” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 756.43 ($9.88).
The firm has a market capitalization of $3.48 billion and a price-to-earnings ratio of 19.25. The business’s 50 day moving average price is GBX 752.41. The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 40.09.
The firm also recently announced a dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, June 20th were paid a GBX 20.80 ($0.27) dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a yield of 2.75%. This is a boost from Tate & Lyle’s previous dividend of $8.60. Tate & Lyle’s payout ratio is presently 0.75%.
In other Tate & Lyle news, insider Nick Hampton sold 333,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of GBX 725 ($9.47), for a total transaction of £2,414,250 ($3,154,645.24).
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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