The Goldman Sachs Group Upgrades Tate & Lyle (OTCMKTS:TATYY) to “Hold”

Tate & Lyle (OTCMKTS:TATYY) was upgraded by analysts at The Goldman Sachs Group to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on TATYY. Morgan Stanley cut Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. Barclays downgraded Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Tate & Lyle Stock Performance

OTCMKTS TATYY traded up $0.07 during trading on Thursday, reaching $19.41. 283 shares of the company’s stock were exchanged, compared to its average volume of 4,830. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $21.71 and its 200-day simple moving average is $26.88. Tate & Lyle has a fifty-two week low of $19.34 and a fifty-two week high of $38.12.

Tate & Lyle Company Profile

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.