Tate & Lyle (LON:TATE) Shares Cross Above 200 Day Moving Average of $0.00

Tate & Lyle plc (LON:TATE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0 ($0.00) and traded as high as GBX 735.60 ($9.61). Tate & Lyle shares last traded at GBX 732.60 ($9.57), with a volume of 2,190,881 shares changing hands.

Separately, Barclays lowered their price objective on Tate & Lyle from GBX 875 ($11.43) to GBX 870 ($11.37) and set an “overweight” rating on the stock in a report on Friday, May 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 778.33 ($10.17).

The firm’s 50-day moving average is GBX 771.30. The company has a debt-to-equity ratio of 53.97, a current ratio of 2.34 and a quick ratio of 1.26. The company has a market cap of £3.43 billion and a P/E ratio of 13.78.

The business also recently declared a dividend, which will be paid on Friday, August 6th. Stockholders of record on Thursday, June 24th will be given a dividend of GBX 22 ($0.29) per share. This represents a dividend yield of 2.7%. This is an increase from Tate & Lyle’s previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, June 24th. Tate & Lyle’s dividend payout ratio (DPR) is presently 0.55%.

About Tate & Lyle (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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