Tate & Lyle (OTCMKTS:TATYY) Downgraded by Barclays to Hold

Barclays cut shares of Tate & Lyle (OTCMKTS:TATYY) from a strong-buy rating to a hold rating in a research note released on Friday,Zacks.com reports.

A number of other brokerages have also issued reports on TATYY. UBS Group raised Tate & Lyle to a “hold” rating in a research note on Tuesday, June 24th. Morgan Stanley lowered Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Tate & Lyle Price Performance

Shares of TATYY stock opened at $20.22 on Friday. Tate & Lyle has a 52-week low of $20.16 and a 52-week high of $44.76. 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 has a 50 day moving average price of $27.85 and a 200 day moving average price of $28.71.

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.