Citigroup Upgrades Tate & Lyle (OTCMKTS:TATYY) to "Strong-Buy"

Tate & Lyle (OTCMKTS:TATYY - Get Free Report) was upgraded by stock analysts at Citigroup from a "hold" rating to a "strong-buy" rating in a note issued to investors on Friday, Marketbeat.com reports.

Several other brokerages have also recently issued reports on TATYY. Berenberg Bank cut shares of Tate & Lyle from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. 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

Shares of TATYY traded up $0.26 during midday trading on Friday, reaching $32.93. 864 shares of the stock were exchanged, compared to its average volume of 3,650. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. Tate & Lyle has a 52 week low of $24.61 and a 52 week high of $44.76. The company's 50 day moving average is $28.72 and its two-hundred day moving average is $31.68.

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.