Tate & Lyle PLC (TATYY) Given Average Recommendation of “Hold” by Brokerages
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $42.00.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Tate & Lyle from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Jefferies Group upgraded shares of Tate & Lyle from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. ValuEngine upgraded shares of Tate & Lyle from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Investec upgraded shares of Tate & Lyle from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Shares of Tate & Lyle (OTCMKTS:TATYY) opened at $37.46 on Monday. Tate & Lyle has a fifty-two week low of $33.23 and a fifty-two week high of $42.20. The company has a current ratio of 2.10, a quick ratio of 1.20 and a debt-to-equity ratio of 0.45.
About Tate & Lyle
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.
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