Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report)'s share price shot up 3.9% during mid-day trading on Wednesday . The stock traded as high as $29.61 and last traded at $29.57. 1,181 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 739 shares. The stock had previously closed at $28.45.
Analyst Ratings Changes
Several research analysts recently commented on the company. Barclays raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, UBS Group raised Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th.
Check Out Our Latest Stock Report on TATYY
Tate & Lyle Price Performance
The company has a 50-day moving average price of $29.79 and a 200-day moving average price of $29.51. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.
Tate & Lyle Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, August 6th. Investors of record on Monday, June 23rd will be issued a dividend of $0.6696 per share. The ex-dividend date of this dividend is Friday, June 20th. This is a positive change from Tate & Lyle's previous dividend of $0.33. This represents a dividend yield of 3.19%.
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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