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

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

Tate & Lyle Stock Performance

OTCMKTS TATYY opened at $28.16 on Wednesday. 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 50 day moving average is $32.39 and its two-hundred day moving average is $35.27. Tate & Lyle has a 12-month low of $27.43 and a 12-month high of $44.76.

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.