Tate & Lyle PLC (OTCMKTS:TATYY) Receives Consensus Rating of “Buy” from Analysts
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $44.00.
Several research firms recently weighed in on TATYY. Societe Generale reissued a “buy” rating on shares of Tate & Lyle PLC in a report on Tuesday, June 28th. Zacks Investment Research raised Tate & Lyle PLC from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, August 30th. Finally, Davy Research reissued a “neutral” rating on shares of Tate & Lyle PLC in a report on Wednesday, June 22nd.
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) traded up 0.36% during mid-day trading on Friday, hitting $39.56. The stock had a trading volume of 879 shares. The stock has a 50 day moving average price of $38.90 and a 200 day moving average price of $36.54. The firm has a market cap of $4.59 billion, a PE ratio of 21.78 and a beta of 0.39. Tate & Lyle PLC has a 52 week low of $30.80 and a 52 week high of $40.07.
Tate & Lyle PLC Company Profile
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The Company operates through two business segments: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed.
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