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

Tate & Lyle plc (LON:TATE) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 553.50 ($6.98) and last traded at GBX 553.50 ($6.98), with a volume of 2105537 shares changing hands. The stock had previously closed at GBX 568 ($7.17).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Tate & Lyle from GBX 850 ($10.72) to GBX 950 ($11.98) and gave the company a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22. The firm has a market cap of £2.36 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a 50-day moving average of GBX 654.01 and a 200 day moving average of GBX 686.97.

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.