Tate & Lyle (OTCMKTS:TATYY) Stock Rating Lowered by Barclays

Tate & Lyle (OTCMKTS:TATYY) was downgraded by analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Other analysts have also issued reports about the stock. Morgan Stanley lowered shares of Tate & Lyle to an “underweight” rating in a research note on Monday, September 22nd. UBS Group upgraded shares of Tate & Lyle to a “hold” rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Tate & Lyle Price Performance

Shares of TATYY stock opened at $20.22 on Friday. The company has a 50 day moving average price of $27.85 and a 200-day moving average price of $28.72. Tate & Lyle has a 52 week low of $20.16 and a 52 week high of $44.76. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

About Tate & Lyle

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.