Tate & Lyle PLC Downgraded to “Hold” at Numis Securities Ltd (TATYY)
Tate & Lyle PLC (NASDAQ:TATYY) was downgraded by research analysts at Numis Securities Ltd to a “hold” rating in a report released on Tuesday, AnalystRatingsNetwork reports.
Separately, analysts at JPMorgan Chase & Co. upgraded shares of Tate & Lyle PLC from an “underweight” rating to an “overweight” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $835.00.
Shares of Tate & Lyle PLC (NASDAQ:TATYY) opened at 44.22 on Tuesday. Tate & Lyle PLC has a 52 week low of $43.69 and a 52 week high of $53.96. The stock has a 50-day moving average of $50.96 and a 200-day moving average of $50.72. The company has a market cap of $5.133 billion and a price-to-earnings ratio of 26.31.
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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