Tate & Lyle (LON:TATE) Sets New 12-Month Low – Here’s Why

Shares of Tate & Lyle plc (LON:TATE) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 582 ($7.24) and last traded at GBX 583.50 ($7.26), with a volume of 22677527 shares. The stock had previously closed at GBX 632 ($7.87).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tate & Lyle from GBX 850 ($10.58) to GBX 950 ($11.82) and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Trading Down 11.7 %

The firm has a market cap of £2.12 billion, a P/E ratio of 1,268.18, a P/E/G ratio of 1.37 and a beta of 0.50. The stock has a 50 day simple moving average of GBX 663.51 and a 200-day simple moving average of GBX 688.64. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62.

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.