Tate & Lyle PLC (OTCMKTS:TATYY) Given Average Recommendation of “Hold” by Analysts

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company.

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

Tate & Lyle Trading Up 0.3%

Shares of OTCMKTS TATYY opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19. The stock’s 50-day moving average is $19.94 and its two-hundred day moving average is $24.24. Tate & Lyle has a 1-year low of $18.66 and a 1-year high of $33.60.

Tate & Lyle Company Profile

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.