Tate & Lyle (OTCMKTS:TATYY) Upgraded at UBS Group

UBS Group upgraded shares of Tate & Lyle (OTCMKTS:TATYY) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on TATYY. Citigroup upgraded Tate & Lyle from a “hold” rating to a “strong-buy” rating in a report on Friday, May 16th. Barclays raised shares of Tate & Lyle from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd.

Tate & Lyle Trading Up 4.2%

Shares of OTCMKTS:TATYY opened at $29.20 on Tuesday. The business has a fifty day simple moving average of $30.31 and a 200-day simple moving average of $30.23. Tate & Lyle has a 52 week low of $24.61 and a 52 week high of $44.76. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72.

Tate & Lyle Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 23rd will be given a $0.6696 dividend. This is a positive change from Tate & Lyle’s previous dividend of $0.33. This represents a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 20th.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.