Tate & Lyle PLC Upgraded to “Buy” by Societe Generale (TATYY)
Tate & Lyle PLC (NASDAQ:TATYY) was upgraded by equities research analysts at Societe Generale from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, American Banking News.com reports.
Tate & Lyle PLC (NASDAQ:TATYY) opened at 48.1595 on Monday. Tate & Lyle PLC has a 1-year low of $43.68 and a 1-year high of $53.48. The stock’s 50-day moving average is $49.84 and its 200-day moving average is $51.07. The company has a market cap of $5.584 billion and a P/E ratio of 12.81.
Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Tate & Lyle PLC from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Tate & Lyle PLC has an average rating of “Hold” and an average target price of $835.00.
Tate & Lyle PLC is a provider of speciality food ingredients and solutions. The Company and its subsidiary and associated undertakings together with its joint ventures develops, manufactures and markets food and industrial ingredients made from renewable resources.
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