Tate & Lyle PLC (TATYY) Upgraded to “Buy” by Jefferies Group LLC
Tate & Lyle PLC (OTC:TATYY) was upgraded by investment analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, StockTargetPrices.com reports.
Several other research firms also recently weighed in on TATYY. Investec raised Tate & Lyle PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Deutsche Bank AG downgraded Tate & Lyle PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 30th.
Shares of Tate & Lyle PLC (OTC:TATYY) traded up 2.83% on Monday, reaching $34.17. 924 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $35.15 and a 200 day moving average price of $36.97. The firm has a market cap of $3.95 billion, a PE ratio of 11.90 and a beta of 0.23. Tate & Lyle PLC has a one year low of $33.10 and a one year high of $42.20.
About Tate & Lyle PLC
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
Receive News & Ratings for Tate & Lyle PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tate & Lyle PLC and related companies with MarketBeat.com's FREE daily email newsletter.