Sarah Kuijlaars Buys 20,000 Shares of Tate & Lyle plc (LON:TATE) Stock

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of GBX 564 ($7.09) per share, with a total value of £112,800 ($141,868.95).

Tate & Lyle Stock Up 0.5 %

Shares of LON:TATE opened at GBX 545.02 ($6.85) on Friday. Tate & Lyle plc has a 1 year low of GBX 531.50 ($6.68) and a 1 year high of GBX 848.50 ($10.67). The business has a 50 day simple moving average of GBX 627.92 and a two-hundred day simple moving average of GBX 681.14. The firm has a market capitalization of £2.37 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup cut their price objective on Tate & Lyle from GBX 725 ($9.12) to GBX 610 ($7.67) and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Berenberg Bank lowered Tate & Lyle to a “hold” rating and dropped their price target for the stock from GBX 900 ($11.32) to GBX 600 ($7.55) in a research report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Tate & Lyle from GBX 850 ($10.69) to GBX 950 ($11.95) and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

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.