Tate & Lyle (LON:TATE) Sets New 1-Year High – Still a Buy?

Tate & Lyle plc (LON:TATE) reached a new 52-week high during trading on Monday . The company traded as high as GBX 650 and last traded at GBX 552, with a volume of 138464141 shares changing hands. The stock had previously closed at GBX 505.93.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group reiterated a “neutral” rating and issued a GBX 375 price objective on shares of Tate & Lyle in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft upgraded Tate & Lyle to a “buy” rating and increased their price target for the stock from GBX 460 to GBX 595 in a report on Friday, May 15th. Finally, Berenberg Bank increased their price target on Tate & Lyle from GBX 464 to GBX 554 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 516.

Tate & Lyle Stock Up 0.1%

The firm has a fifty day simple moving average of GBX 417.02 and a 200-day simple moving average of GBX 387.64. The company has a market capitalization of £2.49 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.37 and a beta of 0.35. The company has a quick ratio of 1.77, a current ratio of 2.71 and a debt-to-equity ratio of 80.98.

Tate & Lyle (LON:TATE) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 22 earnings per share (EPS) for the quarter. Tate & Lyle had a return on equity of 6.17% and a net margin of 4.84%.The company had revenue of GBX 200.60 billion during the quarter. On average, equities research analysts expect that Tate & Lyle plc will post 51.3392857 EPS for the current fiscal year.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.