Tate & Lyle (OTCMKTS:TATYY) Trading 3.9% Higher - Should You Buy?

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) traded up 3.9% during trading on Wednesday . The company traded as high as $29.61 and last traded at $29.57. 1,181 shares were traded during mid-day trading, an increase of 60% from the average session volume of 739 shares. The stock had previously closed at $28.45.

Analysts Set New Price Targets

Several analysts have recently issued reports on TATYY shares. UBS Group raised shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Citigroup raised shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Barclays raised shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Tate & Lyle Stock Performance

The company's fifty day moving average is $29.85 and its two-hundred day moving average is $29.55. 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 company 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 boost from Tate & Lyle's previous dividend of $0.33. The ex-dividend date is Friday, June 20th. This represents a yield of 3.19%.

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.