FY2020 EPS Estimates for Tate & Lyle PLC Decreased by Jefferies Group (TATYY)

Tate & Lyle PLC (OTCMKTS:TATYY) – Equities research analysts at Jefferies Group reduced their FY2020 EPS estimates for shares of Tate & Lyle in a research note issued to investors on Monday. Jefferies Group analyst M. Deboo now expects that the company will post earnings of $2.76 per share for the year, down from their previous estimate of $2.83. Jefferies Group currently has a “Buy” rating on the stock.

Several other research analysts have also recently issued reports on the stock. Kepler Capital Markets upgraded shares of Tate & Lyle from a “hold” rating to a “buy” rating in a report on Tuesday. Societe Generale upgraded shares of Tate & Lyle from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut shares of Tate & Lyle from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine upgraded shares of Tate & Lyle from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $42.00.

Shares of Tate & Lyle (OTCMKTS:TATYY) traded down $0.63 during trading on Wednesday, hitting $31.53. 3,957 shares of the stock traded hands, compared to its average volume of 2,731. Tate & Lyle has a 1 year low of $31.44 and a 1 year high of $42.20.

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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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