Tate & Lyle (LON:TATE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Tate & Lyle plc (LON:TATE) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 370.27 and traded as high as GBX 376.80. Tate & Lyle shares last traded at GBX 374.80, with a volume of 2,630,255 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 460 target price on shares of Tate & Lyle in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 460.

Tate & Lyle Price Performance

The firm has a market capitalization of £1.66 billion, a price-to-earnings ratio of 66.93, a P/E/G ratio of 1.37 and a beta of 0.28. The business’s 50-day moving average is GBX 353.24 and its two-hundred day moving average is GBX 370.27. The company has a debt-to-equity ratio of 83.31, a quick ratio of 1.77 and a current ratio of 2.19.

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.