Tate & Lyle (LON:TATE) Hits New 52-Week Low – Should You Sell?

Tate & Lyle plc (LON:TATE)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 582 ($7.24) and last traded at GBX 583.50 ($7.26), with a volume of 22677527 shares trading hands. The stock had previously closed at GBX 632 ($7.87).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Tate & Lyle from GBX 850 ($10.58) to GBX 950 ($11.82) and gave the company a “buy” rating in a report on Wednesday, December 11th.

Tate & Lyle Trading Down 11.7 %

The company has a market capitalization of £2.12 billion, a PE ratio of 1,268.18, a price-to-earnings-growth ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.62, a current ratio of 3.22 and a quick ratio of 1.77. The company’s fifty day moving average is GBX 663.51 and its 200-day moving average is GBX 688.64.

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.