Berenberg Bank Downgrades Tate & Lyle (OTCMKTS:TATYY) to Hold

Berenberg Bank cut shares of Tate & Lyle (OTCMKTS:TATYY) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Tate & Lyle Stock Up 0.2 %

TATYY opened at $28.16 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.46 and a current ratio of 3.38. Tate & Lyle has a 1 year low of $27.43 and a 1 year high of $44.76. The stock’s 50 day simple moving average is $32.39 and its 200-day simple moving average is $35.27.

About Tate & Lyle

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.