Tate & Lyle (LON:TATE) Shares Pass Above 200-Day Moving Average of $640.67

Tate & Lyle plc (LON:TATE) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 640.67 ($8.42) and traded as high as GBX 696 ($9.15). Tate & Lyle shares last traded at GBX 683 ($8.98), with a volume of 900,049 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 860 ($11.31) target price on shares of Tate & Lyle in a report on Wednesday, May 29th.

Tate & Lyle Stock Down 0.2 %

The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22. The business has a 50 day simple moving average of GBX 644.54 and a 200-day simple moving average of GBX 640.67. The firm has a market capitalization of £2.62 billion, a price-to-earnings ratio of 1,552.27, a P/E/G ratio of 1.36 and a beta of 0.50.

Insider Buying and Selling

In other news, insider David Hearn purchased 15,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of GBX 655 ($8.61) per share, for a total transaction of £101,525 ($133,497.70). In other Tate & Lyle news, insider David Hearn purchased 15,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of GBX 655 ($8.61) per share, with a total value of £101,525 ($133,497.70). Also, insider Jeffrey Carr purchased 10,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were acquired at an average price of GBX 624 ($8.21) per share, with a total value of £62,400 ($82,051.28). 2.19% of the stock is owned by company 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.