Insider Buying: Tate & Lyle plc (LON:TATE) Insider Buys 20,000 Shares of Stock

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars purchased 20,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of GBX 564 ($7.11) per share, with a total value of £112,800 ($142,172.93).

Tate & Lyle Stock Up 0.6 %

Tate & Lyle stock opened at GBX 545.50 ($6.88) on Friday. The stock has a fifty day simple moving average of GBX 630.48 and a two-hundred day simple moving average of GBX 681.59. Tate & Lyle plc has a 12 month low of GBX 531.50 ($6.70) and a 12 month high of GBX 848.50 ($10.69). The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.37 and a beta of 0.50. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.66.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TATE shares. Citigroup decreased their price objective on Tate & Lyle from GBX 725 ($9.14) to GBX 610 ($7.69) and set a “neutral” rating for the company in a report on Tuesday. Berenberg Bank lowered shares of Tate & Lyle to a “hold” rating and reduced their price objective for the company from GBX 900 ($11.34) to GBX 600 ($7.56) in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Tate & Lyle from GBX 850 ($10.71) to GBX 950 ($11.97) and gave the stock a “buy” rating in a report on Wednesday, December 11th.

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.