Tate & Lyle (LON:TATE) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 684.38 ($8.38) and traded as low as GBX 617.50 ($7.56). Tate & Lyle shares last traded at GBX 630 ($7.71), with a volume of 1,605,368 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Tate & Lyle from GBX 850 ($10.40) to GBX 950 ($11.63) and gave the company a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Stock Up 1.7 %

The stock has a 50-day moving average of GBX 698.60 and a 200 day moving average of GBX 684.31. The company has a market capitalization of £2.43 billion, a PE ratio of 1,453.43, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62.

Tate & Lyle Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Thursday, November 21st were issued a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date was Thursday, November 21st. This represents a yield of 0.83%. Tate & Lyle’s dividend payout ratio (DPR) is presently 4,318.18%.

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.