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

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

Several research firms have issued reports on TATYY. The Goldman Sachs Group upgraded Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley downgraded shares of Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd.

Tate & Lyle Price Performance

Shares of Tate & Lyle stock opened at $20.35 on Friday. Tate & Lyle has a 12-month low of $18.66 and a 12-month high of $33.60. The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $19.95 and its 200-day moving average is $24.03.

About Tate & Lyle

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.