Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) 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 trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Citigroup upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 16th. UBS Group raised Tate & Lyle to a "hold" rating in a report on Tuesday, June 24th. Finally, Barclays raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd.
View Our Latest Report on Tate & Lyle
Tate & Lyle Price Performance
The company has a fifty day moving average of $30.22 and a two-hundred day moving average of $29.79. 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 Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 23rd will be issued a $0.6696 dividend. This is a positive change from Tate & Lyle's previous dividend of $0.33. This represents a yield of 3.19%. The ex-dividend date of this dividend is Friday, June 20th.
Tate & Lyle Company Profile
(
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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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