Zacks Investment Research upgraded shares of Tate & Lyle PLC (OTCMKTS:TATYY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The brokerage currently has $42.00 price objective on the stock.
According to Zacks, “Tate & Lyle Ventures and Agri Investment Fund have co-led a 3.5m investment into Fugeia, a newly formed functional food technology business with a focus on gut health. “
Several other brokerages also recently commented on TATYY. Investec upgraded shares of Tate & Lyle PLC from a sell rating to a hold rating in a research report on Tuesday, September 26th. Jefferies Group LLC upgraded shares of Tate & Lyle PLC from a hold rating to a buy rating in a research report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $42.00.
Shares of Tate & Lyle PLC (OTCMKTS TATYY) opened at $37.51 on Wednesday. Tate & Lyle PLC has a one year low of $33.10 and a one year high of $42.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.10 and a quick ratio of 1.20.
Tate & Lyle PLC Company Profile
Tate & Lyle PLC is a provider of ingredients and solutions to the food, beverage and other industries. The Company’s segments include Speciality Food Ingredients and Bulk Ingredients. The Speciality Food Ingredients segment’s product categories include dairy, beverage, bakery and convenience. The Bulk Ingredients segment’s product lines include bulk sweeteners for food and beverage customers, and industrial starches for paper and construction industries.
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