Tate & Lyle PLC (OTCMKTS:TATYY) Receives Average Rating of “Hold” from Analysts

Tate & Lyle PLC (OTCMKTS:TATYY) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a strong buy recommendation to the company.

A number of research analysts recently issued reports on the company. Barclays downgraded Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. The Goldman Sachs Group raised shares of Tate & Lyle to a “hold” rating in a research note on Thursday, November 20th. Finally, Morgan Stanley cut shares of Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd.

Tate & Lyle Trading Down 3.6%

OTCMKTS TATYY opened at $18.71 on Friday. Tate & Lyle has a 52 week low of $18.66 and a 52 week high of $38.12. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $21.52 and a 200-day moving average price of $26.74.

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.