Tate & Lyle (LON:TATE) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Tate & Lyle plc (LON:TATE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 683.57 ($8.49) and traded as low as GBX 652.50 ($8.11). Tate & Lyle shares last traded at GBX 655.40 ($8.14), with a volume of 1,996,690 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Tate & Lyle from GBX 850 ($10.56) to GBX 950 ($11.80) and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

Tate & Lyle Price Performance

The company’s 50 day moving average price is GBX 718.66 and its 200 day moving average price is GBX 683.57. The company has a debt-to-equity ratio of 47.62, a quick ratio of 1.77 and a current ratio of 3.22. The company has a market cap of £2.49 billion, a price-to-earnings ratio of 1,489.54, a P/E/G ratio of 1.37 and a beta of 0.50.

Tate & Lyle Cuts Dividend

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

About Tate & Lyle

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.