Tate & Lyle PLC (OTCMKTS:TATYY) Receives Consensus Rating of “Buy” from Analysts
Tate & Lyle PLC (OTCMKTS:TATYY) has earned a consensus rating of “Buy” from the six research firms that are presently covering the company. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $44.00.
A number of research analysts have recently commented on TATYY shares. Societe Generale reiterated a “buy” rating on shares of Tate & Lyle PLC in a report on Tuesday, June 28th. Zacks Investment Research lowered Tate & Lyle PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, Davy Research restated a “neutral” rating on shares of Tate & Lyle PLC in a research note on Wednesday, June 22nd.
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) traded up 0.36% during midday trading on Friday, hitting $39.56. 879 shares of the company were exchanged. The firm has a market cap of $4.59 billion, a P/E ratio of 21.78 and a beta of 0.39. Tate & Lyle PLC has a one year low of $30.80 and a one year high of $40.07. The company’s 50 day moving average price is $38.90 and its 200 day moving average price is $36.54.
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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