Tate & Lyle PLC (TATYY) Given Average Recommendation of “Hold” by Analysts
Tate & Lyle PLC (OTCMKTS:TATYY) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.
Several research firms have recently issued reports on TATYY. ValuEngine raised Tate & Lyle from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Zacks Investment Research raised Tate & Lyle from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, June 22nd. Finally, Jefferies Financial Group cut Tate & Lyle from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th.
Tate & Lyle stock remained flat at $$34.85 during trading hours on Wednesday. The company’s stock had a trading volume of 3,314 shares, compared to its average volume of 13,023. The stock has a market cap of $4.08 billion, a PE ratio of 13.10, a P/E/G ratio of 4.27 and a beta of 0.49. Tate & Lyle has a 1-year low of $29.39 and a 1-year high of $38.25.
Tate & Lyle Plc engages in the provision of ingredients and solutions to the food, beverage and other industries. It operates through the following segments: Food & Beverage Solutions, Sucralose, and Primary Products. The Food & Beverage Solutions and Sucralose segment provides solutions for customers that meet consumer demand for healthier and tastier food and drink.
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