Tate & Lyle (OTCMKTS:TATYY) Lowered to Hold Rating by Barclays

Barclays downgraded shares of Tate & Lyle (OTCMKTS:TATYY) from a strong-buy rating to a hold rating in a research note issued to investors on Friday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. UBS Group upgraded Tate & Lyle to a “hold” rating in a report on Tuesday, June 24th. Morgan Stanley cut Tate & Lyle to an “underweight” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Tate & Lyle Trading Down 1.1%

OTCMKTS TATYY opened at $20.22 on Friday. The business has a 50 day simple moving average of $27.85 and a two-hundred day simple moving average of $28.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16. Tate & Lyle has a 1-year low of $20.16 and a 1-year high of $44.76.

About Tate & Lyle

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.