Tate & Lyle PLC (TATYY) Rating Increased to Buy at Zacks Investment Research
Tate & Lyle PLC (OTCMKTS:TATYY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $39.00 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 11.75% from the stock’s previous close.
According to Zacks, “Tate & Lyle Ventures and Agri Investment Fund have co-led a 3.5m investment into Fugeia, a newly formed functional food technology business with a focus on gut health. “
Other equities research analysts also recently issued reports about the company. Societe Generale downgraded Tate & Lyle PLC from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Davy Research reiterated a “neutral” rating on shares of Tate & Lyle PLC in a research report on Thursday, November 3rd. Citigroup Inc. reiterated a “neutral” rating on shares of Tate & Lyle PLC in a research report on Thursday. Finally, BNP Paribas downgraded Tate & Lyle PLC from a “neutral” rating to an “underperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Tate & Lyle PLC presently has a consensus rating of “Hold” and a consensus target price of $39.00.
Shares of Tate & Lyle PLC (OTCMKTS:TATYY) opened at 34.90 on Friday. Tate & Lyle PLC has a 12 month low of $30.80 and a 12 month high of $41.04. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
Tate & Lyle PLC Company Profile
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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