Tate & Lyle (OTCMKTS:TATYY) Cut to “Hold” at Berenberg Bank

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

Tate & Lyle Stock Up 0.2 %

Shares of OTCMKTS:TATYY opened at $28.16 on Wednesday. The business’s 50-day simple moving average is $32.24 and its 200 day simple moving average is $35.24. The company has a current ratio of 3.38, a quick ratio of 2.46 and a debt-to-equity ratio of 0.45. Tate & Lyle has a one year low of $27.43 and a one year high of $44.76.

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.