Tate & Lyle PLC (TATYY) Receives Average Recommendation of “Hold” from Analysts

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) have received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

TATYY has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Tate & Lyle from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, November 8th. ValuEngine raised shares of Tate & Lyle from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Investec raised shares of Tate & Lyle from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Jefferies Group raised shares of Tate & Lyle from a “hold” rating to a “buy” rating in a report on Monday, October 23rd.

Shares of Tate & Lyle (OTCMKTS TATYY) opened at $37.69 on Friday. Tate & Lyle has a fifty-two week low of $33.23 and a fifty-two week high of $42.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.10 and a quick ratio of 1.20.

The business also recently disclosed a None dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.406 per share. The ex-dividend date is Thursday, November 30th.

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Tate & Lyle Company Profile

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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