Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $29.29, but opened at $28.66. Tate & Lyle shares last traded at $28.55, with a volume of 915 shares.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of Tate & Lyle to a "hold" rating in a research note on Tuesday, June 24th. Citigroup raised shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Friday, May 16th. Finally, Barclays raised shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd.
Read Our Latest Analysis on TATYY
Tate & Lyle Stock Performance
The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21. The stock's fifty day moving average is $30.22 and its two-hundred day moving average is $29.77.
Tate & Lyle Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Monday, June 23rd will be paid a $0.6696 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a dividend yield of 3.19%. This is a boost from Tate & Lyle's previous dividend of $0.33.
About Tate & Lyle
(
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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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