Tate & Lyle PLC Given Average Recommendation of “Hold” by Brokerages (NASDAQ:TATYY)
Shares of Tate & Lyle PLC (NASDAQ:TATYY) have been given a consensus rating of “Hold” by the sixteen analysts that are covering the stock, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $835.00.
Tate & Lyle PLC (NASDAQ:TATYY) traded down 0.12% on Thursday, hitting $42.68. The stock had a trading volume of 1,308 shares. Tate & Lyle PLC has a 1-year low of $42.33 and a 1-year high of $53.96. The stock’s 50-day moving average is $48. and its 200-day moving average is $50.32. The company has a market cap of $4.954 billion and a price-to-earnings ratio of 25.37.
A number of analysts have recently weighed in on TATYY shares. Analysts at Canaccord Genuity downgraded shares of Tate & Lyle PLC from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at Numis Securities Ltd downgraded shares of Tate & Lyle PLC to a “hold” rating in a research note on Tuesday, February 18th. Finally, 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.
Tate & Lyle PLC is a global provider of ingredients and solutions to the food, beverage and other industries.
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