Insider Buying: Tate & Lyle (LON:TATE) Insider Buys 15,000 Shares of Stock

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were bought at an average price of GBX 390 per share, with a total value of £58,500.

Tate & Lyle Trading Up 1.6%

Shares of LON TATE traded up GBX 6.20 during midday trading on Tuesday, reaching GBX 394.60. 1,105,749 shares of the stock were exchanged, compared to its average volume of 2,955,771. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. Tate & Lyle plc has a 12 month low of GBX 358 and a 12 month high of GBX 774. The business has a 50-day simple moving average of GBX 427.89 and a two-hundred day simple moving average of GBX 503.77. The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.37 and a beta of 0.50.

Tate & Lyle (LON:TATE) last posted its earnings results on Thursday, November 6th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. Tate & Lyle had a return on equity of 15.37% and a net margin of 11.41%. As a group, equities research analysts expect that Tate & Lyle plc will post 51.3392857 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on TATE. Citigroup cut their price objective on Tate & Lyle from GBX 670 to GBX 540 and set a “buy” rating for the company in a report on Thursday, October 2nd. UBS Group cut their price target on shares of Tate & Lyle from GBX 590 to GBX 390 and set a “neutral” rating for the company in a report on Friday, October 31st. Berenberg Bank reissued a “hold” rating and set a GBX 450 price objective on shares of Tate & Lyle in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Tate & Lyle from GBX 800 to GBX 460 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 460.

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.