Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Tate & Lyle PLC (OTCMKTS:TATYY – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.23, but opened at $19.75. Tate & Lyle shares last traded at $19.75, with a volume of 891 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TATYY. Barclays cut Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley downgraded Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on TATYY

Tate & Lyle Price Performance

The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $20.05 and a 200 day moving average price of $25.66.

Tate & Lyle Company Profile

(Get Free Report)

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.

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