Tate & Lyle (LON:TATE) Share Price Crosses Above 200-Day Moving Average of $647.05

Tate & Lyle plc (LON:TATE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 647.05 ($8.66) and traded as high as GBX 670.50 ($8.98). Tate & Lyle shares last traded at GBX 665 ($8.90), with a volume of 384,147 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 860 ($11.52) price objective on shares of Tate & Lyle in a report on Wednesday, May 29th.

Tate & Lyle Price Performance

The business’s 50-day simple moving average is GBX 659.13 and its 200 day simple moving average is GBX 647.05. The company has a market capitalization of £2.55 billion, a P/E ratio of 1,511.36, a P/E/G ratio of 1.34 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62.

Insider Buying and Selling

In other news, insider Jeffrey Carr purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was purchased at an average cost of GBX 624 ($8.36) per share, with a total value of £62,400 ($83,556.51). In other Tate & Lyle news, insider David Hearn bought 15,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of GBX 655 ($8.77) per share, with a total value of £101,525 ($135,946.71). Also, insider Jeffrey Carr purchased 10,000 shares of Tate & Lyle stock in a transaction dated Wednesday, July 17th. The stock was bought at an average cost of GBX 624 ($8.36) per share, with a total value of £62,400 ($83,556.51). 2.19% of the stock is owned by corporate insiders.

Tate & Lyle Company Profile

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.