Tate & Lyle (LON:TATE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Tate & Lyle plc (LON:TATE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 411.35 and traded as high as GBX 559. Tate & Lyle shares last traded at GBX 559, with a volume of 3,305,196 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TATE. UBS Group reiterated a “neutral” rating and set a GBX 375 target price on shares of Tate & Lyle in a report on Monday, May 18th. Berenberg Bank upped their price objective on Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 595 price objective on shares of Tate & Lyle in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 516.

Tate & Lyle Price Performance

The firm has a market cap of £2.47 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.37 and a beta of 0.35. The company’s fifty day moving average is GBX 491.26 and its 200 day moving average is GBX 411.35. The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 80.98.

Tate & Lyle (LON:TATE) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share (EPS) for the quarter. Tate & Lyle had a net margin of 4.84% and a return on equity of 6.17%. The firm had revenue of GBX 200.60 billion for the quarter. On average, equities research analysts predict that Tate & Lyle plc will post 51.3392857 EPS for the current year.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.