FY2018 EPS Estimates for Tate & Lyle PLC Increased by Jefferies Group (TATYY)

Tate & Lyle PLC (OTCMKTS:TATYY) – Equities research analysts at Jefferies Group upped their FY2018 earnings per share estimates for Tate & Lyle in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Deboo now expects that the company will post earnings of $2.65 per share for the year, up from their prior estimate of $2.57. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Tate & Lyle’s FY2019 earnings at $2.59 EPS.

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

Tate & Lyle (TATYY) traded down $0.60 during trading on Thursday, reaching $31.56. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 2,743. Tate & Lyle has a one year low of $31.44 and a one 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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