Tate & Lyle PLC (TATYY) Given Average Recommendation of “Hold” by Brokerages

Tate & Lyle PLC (OTCMKTS:TATYY) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

TATYY has been the topic of a number of recent analyst reports. Jefferies Group upgraded Tate & Lyle from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Investec upgraded Tate & Lyle from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered Tate & Lyle from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, ValuEngine upgraded Tate & Lyle from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

Shares of Tate & Lyle (OTCMKTS TATYY) opened at $37.75 on Tuesday. Tate & Lyle has a 12-month low of $33.23 and a 12-month high of $42.20.

The firm also recently disclosed a None dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 1st were paid a $0.406 dividend. The ex-dividend date was Thursday, November 30th.

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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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