Tate & Lyle PLC (TATYY) Receives Average Recommendation of “Hold” from Brokerages

Tate & Lyle PLC (OTCMKTS:TATYY) has earned an average rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company.

Several research firms recently commented on TATYY. Deutsche Bank AG downgraded Tate & Lyle PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Investec raised Tate & Lyle PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised Tate & Lyle PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.

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Shares of Tate & Lyle PLC (OTCMKTS TATYY) traded up 1.35% during midday trading on Friday, reaching $35.02. 3,391 shares of the company’s stock were exchanged. The company’s 50-day moving average is $35.25 and its 200-day moving average is $37.04. Tate & Lyle PLC has a one year low of $33.10 and a one year high of $42.20. The stock has a market cap of $4.05 billion, a P/E ratio of 12.19 and a beta of 0.23.

About Tate & Lyle PLC

Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.

Analyst Recommendations for Tate & Lyle PLC (OTCMKTS:TATYY)

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