Tate & Lyle (LON:TATE) Shares Pass Above 200-Day Moving Average of $627.35

Shares of Tate & Lyle plc (LON:TATE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 627.35 ($7.88) and traded as high as GBX 662 ($8.32). Tate & Lyle shares last traded at GBX 655.50 ($8.23), with a volume of 698,517 shares.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on Tate & Lyle from GBX 760 ($9.55) to GBX 790 ($9.92) and gave the company an “equal weight” rating in a research report on Tuesday, April 9th.

Tate & Lyle Trading Down 0.1 %

The company has a current ratio of 2.88, a quick ratio of 1.77 and a debt-to-equity ratio of 52.89. The firm has a 50-day moving average price of GBX 615.64 and a 200-day moving average price of GBX 627.33. The company has a market capitalization of £2.63 billion, a price-to-earnings ratio of 1,523.26, a PEG ratio of 2.12 and a beta of 0.49.

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.