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Barclays Downgrades Tate & Lyle (OTCMKTS:TATYY) to Hold

Tate & Lyle logo with Consumer Staples background

Key Points

  • Barclays has downgraded Tate & Lyle (OTCMKTS:TATYY) from a "strong-buy" rating to a "hold" rating.
  • Other analysts, including Morgan Stanley and UBS Group, have also changed their ratings for Tate & Lyle, with a consensus rating now being "Hold".
  • Tate & Lyle's stock opened at $20.22 on Friday, with a fifty-two week range of $20.16 to $44.76.
  • MarketBeat previews the top five stocks to own by November 1st.

Tate & Lyle (OTCMKTS:TATYY - Get Free Report) was downgraded by research analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research report issued on Friday,Zacks.com reports.

A number of other research analysts have also recently commented on TATYY. Morgan Stanley cut Tate & Lyle to an "underweight" rating in a research note on Monday, September 22nd. UBS Group upgraded Tate & Lyle to a "hold" rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Get Our Latest Report on Tate & Lyle

Tate & Lyle Price Performance

Tate & Lyle stock opened at $20.22 on Friday. Tate & Lyle has a fifty-two week low of $20.16 and a fifty-two week high of $44.76. The stock's 50 day simple moving average is $27.85 and its two-hundred day simple moving average is $28.71. The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72.

Tate & Lyle Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Tate & Lyle (OTCMKTS:TATYY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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