Tate & Lyle PLC (OTCMKTS:TATYY) Receives Average Recommendation of “Hold” from Analysts

by · The Markets Daily

Tate & Lyle PLC (OTCMKTS:TATYY – Get Free Report) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

A number of research firms have commented on TATYY. Morgan Stanley cut shares of Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. The Goldman Sachs Group upgraded shares of Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. Finally, Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd.

Check Out Our Latest Stock Analysis on Tate & Lyle

Tate & Lyle Trading Up 0.1%

Shares of Tate & Lyle stock opened at $19.87 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73. Tate & Lyle has a 52 week low of $18.66 and a 52 week high of $33.60. The business’s fifty day simple moving average is $19.93 and its 200-day simple moving average is $24.09.

About Tate & Lyle

(Get Free Report)

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.

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