Tate & Lyle (OTCMKTS:TATYY) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group cut shares of Tate & Lyle (OTCMKTS:TATYYGet Rating) from a buy rating to a hold rating in a research note released on Monday morning, The Fly reports.

Separately, Barclays upped their price target on shares of Tate & Lyle from GBX 940 ($11.36) to GBX 980 ($11.84) in a research report on Friday, June 10th.

Tate & Lyle Trading Down 1.0 %

Shares of TATYY opened at $34.60 on Monday. The company has a quick ratio of 2.66, a current ratio of 3.06 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $37.53 and its two-hundred day simple moving average is $38.14. Tate & Lyle has a 12 month low of $33.63 and a 12 month high of $62.97.

Tate & Lyle Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st were given a dividend of $0.5652 per share. The ex-dividend date was Thursday, June 30th. This represents a dividend yield of 2.95%.

About Tate & Lyle

(Get Rating)

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.

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