Tate & Lyle (LON:TATE) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 684.38 ($8.37) and traded as low as GBX 617.50 ($7.56). Tate & Lyle shares last traded at GBX 630 ($7.71), with a volume of 1,605,368 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tate & Lyle from GBX 850 ($10.40) to GBX 950 ($11.63) and gave the company a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Stock Up 1.9 %

The firm has a market capitalization of £2.39 billion, a price-to-earnings ratio of 1,431.82, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.62, a current ratio of 3.22 and a quick ratio of 1.77. The stock has a fifty day moving average of GBX 704.02 and a two-hundred day moving average of GBX 684.38.

Tate & Lyle Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, January 6th. Investors of record on Thursday, November 21st were paid a dividend of GBX 6.40 ($0.08) per share. This represents a yield of 0.83%. The ex-dividend date was Thursday, November 21st. Tate & Lyle’s dividend payout ratio is presently 4,318.18%.

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.