Tate & Lyle plc (LON:TATE) Insider Purchases £77,700 in Stock

Tate & Lyle plc (LON:TATE) insider Sarah Kuijlaars acquired 15,000 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were bought at an average cost of GBX 518 ($6.95) per share, for a total transaction of £77,700 ($104,267.31).

Sarah Kuijlaars also recently made the following trade(s):

• On Wednesday, May 28th, Sarah Kuijlaars acquired 15,000 shares of Tate & Lyle stock. The shares were bought at an average cost of GBX 562 ($7.54) per share, for a total transaction of £84,300 ($113,123.99).

Tate & Lyle Stock Performance

Shares of Tate & Lyle stock opened at GBX 517.50 ($6.94) on Thursday. The firm’s fifty day simple moving average is GBX 547.85 and its 200-day simple moving average is GBX 564.79. The stock has a market capitalization of £2.25 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.37 and a beta of 0.50. Tate & Lyle plc has a 12 month low of GBX 460.40 ($6.18) and a 12 month high of GBX 848.50 ($11.39). The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77.

Tate & Lyle (LON:TATE) last announced its earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.67) EPS for the quarter. Tate & Lyle had a net margin of 11.41% and a return on equity of 15.37%. As a group, equities analysts forecast that Tate & Lyle plc will post 51.3392857 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TATE. Berenberg Bank raised their price objective on shares of Tate & Lyle from GBX 600 ($8.05) to GBX 620 ($8.32) and gave the stock a “hold” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 800 ($10.74) price objective on shares of Tate & Lyle in a report on Thursday, July 3rd.

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.