Tate & Lyle PLC (OTCMKTS:TATYY) Receives $44.00 Average Target Price from Analysts
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the company. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $44.00.
A number of equities analysts recently weighed in on TATYY shares. Zacks Investment Research upgraded shares of Tate & Lyle PLC from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, June 17th. Davy Research restated a “neutral” rating on shares of Tate & Lyle PLC in a research report on Wednesday, June 22nd. Finally, Societe Generale restated a “buy” rating on shares of Tate & Lyle PLC in a research report on Tuesday, June 28th.
Tate & Lyle PLC (OTCMKTS:TATYY) opened at 39.51 on Friday. The company’s 50-day moving average is $38.90 and its 200 day moving average is $36.59. Tate & Lyle PLC has a one year low of $30.80 and a one year high of $40.07. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 21.76 and a beta of 0.39.
About Tate & Lyle PLC
Tate & Lyle PLC provides ingredients and solutions to the food, beverage and other industries. The Company operates through two business segments: Speciality Food Ingredients, which offers products, such as sweeteners, texturants, health and wellness, and food systems, and Bulk Ingredients segment, which offers products, such as liquid sweeteners, industrial starches, citric acid, bio-fuels and animal feed.
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