Tate & Lyle (OTCMKTS:TATYY) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Tuesday.
A number of other research analysts have also recently commented on the company. Jefferies Group upgraded Tate & Lyle from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine raised Tate & Lyle from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Societe Generale raised Tate & Lyle from a “hold” rating to a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.00.
Tate & Lyle (OTCMKTS:TATYY) traded up $0.18 during trading hours on Tuesday, reaching $31.98. The company’s stock had a trading volume of 2,297 shares, compared to its average volume of 2,610. Tate & Lyle has a one year low of $31.44 and a one year high of $42.20.
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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