Tate & Lyle (LON:TATE) Shares Cross Above Two Hundred Day Moving Average of $627.99

Tate & Lyle plc (LON:TATE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 627.99 ($7.76) and traded as high as GBX 643.21 ($7.94). Tate & Lyle shares last traded at GBX 633 ($7.82), with a volume of 861,959 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on shares of Tate & Lyle from GBX 760 ($9.39) to GBX 790 ($9.76) and gave the company an “equal weight” rating in a report on Tuesday, April 9th.

Tate & Lyle Stock Down 0.5 %

The company has a current ratio of 2.88, a quick ratio of 1.77 and a debt-to-equity ratio of 52.89. The firm has a market cap of £2.53 billion, a P/E ratio of 1,472.09, a PEG ratio of 2.08 and a beta of 0.49. The company’s 50 day simple moving average is GBX 611.14 and its 200-day simple moving average is GBX 627.99.

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.