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

Tate & Lyle PLC (OTCMKTS:TATYY) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company.

Several analysts have issued reports on TATYY shares. ValuEngine cut Tate & Lyle from a “hold” rating to a “sell” rating in a research note on Wednesday, May 27th. Deutsche Bank restated a “hold” rating on shares of Tate & Lyle in a research note on Tuesday, May 5th. Barclays reiterated an “overweight” rating on shares of Tate & Lyle in a research note on Thursday, May 28th. Berenberg Bank reaffirmed a “hold” rating on shares of Tate & Lyle in a report on Wednesday, May 6th. Finally, Zacks Investment Research raised Tate & Lyle from a “sell” rating to a “hold” rating in a report on Friday, May 29th.

TATYY stock remained flat at $$32.79 during midday trading on Wednesday. 320 shares of the company’s stock were exchanged, compared to its average volume of 1,240. The stock’s fifty day simple moving average is $32.99 and its 200-day simple moving average is $36.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.33. Tate & Lyle has a 1 year low of $23.57 and a 1 year high of $42.50. The company has a market cap of $3.84 billion, a P/E ratio of 11.08 and a beta of 0.80.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.

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Analyst Recommendations for Tate & Lyle (OTCMKTS:TATYY)

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