Tate & Lyle (LON:TATE) Hits New 1-Year Low – Time to Sell?

Tate & Lyle plc (LON:TATE)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 515 ($6.67) and last traded at GBX 515.18 ($6.67), with a volume of 201619 shares. The stock had previously closed at GBX 519.50 ($6.73).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TATE shares. Berenberg Bank lowered Tate & Lyle to a “hold” rating and decreased their target price for the company from GBX 900 ($11.65) to GBX 600 ($7.77) in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tate & Lyle from GBX 850 ($11.00) to GBX 950 ($12.30) and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup cut their price objective on shares of Tate & Lyle from GBX 725 ($9.39) to GBX 610 ($7.90) and set a “neutral” rating on the stock in a report on Tuesday, February 25th.

Tate & Lyle Stock Down 1.0 %

The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.66. The stock has a market cap of £2.24 billion, a PE ratio of 10.73, a P/E/G ratio of 1.37 and a beta of 0.50. The business has a 50 day moving average price of GBX 609.57 and a 200 day moving average price of GBX 674.86.

Insider Buying and Selling

In other Tate & Lyle news, insider Sarah Kuijlaars purchased 20,000 shares of Tate & Lyle stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of GBX 564 ($7.30) per share, with a total value of £112,800 ($146,038.32). 2.22% of the stock is currently owned by insiders.

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.