Tate & Lyle (OTCMKTS:TATYY) Stock Rating Lowered by Berenberg Bank

Tate & Lyle (OTCMKTS:TATYY) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Tate & Lyle Stock Performance

Shares of Tate & Lyle stock opened at $28.16 on Wednesday. Tate & Lyle has a twelve month low of $27.43 and a twelve month high of $44.76. The company has a current ratio of 3.38, a quick ratio of 2.46 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $32.39 and its 200 day moving average price is $35.27.

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.