Tate & Lyle plc (LON:TATE - Get Free Report) insider Sarah Kuijlaars purchased 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, for a total transaction of £112,800 ($141,851.11).
Tate & Lyle Stock Performance
Shares of TATE opened at GBX 545.02 ($6.85) on Friday. The company's 50 day moving average price is GBX 627.92 and its 200 day moving average price is GBX 680.91. Tate & Lyle plc has a 52 week low of GBX 531.50 ($6.68) and a 52 week high of GBX 848.50 ($10.67). The company has a market capitalization of £2.37 billion, a PE ratio of 11.37, a PEG ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on TATE shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tate & Lyle from GBX 850 ($10.69) to GBX 950 ($11.95) and gave the company a "buy" rating in a report on Wednesday, December 11th. Berenberg Bank lowered shares of Tate & Lyle to a "hold" rating and cut their price target for the company from GBX 900 ($11.32) to GBX 600 ($7.55) in a report on Tuesday, February 18th. Finally, Citigroup cut their price target on shares of Tate & Lyle from GBX 725 ($9.12) to GBX 610 ($7.67) and set a "neutral" rating on the stock in a report on Tuesday.
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About Tate & Lyle
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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.
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