Jefferies Financial Group Comments on Tate & Lyle PLC’s FY2019 Revenue (TATYY)

Jefferies Financial Group Comments on Tate & Lyle PLC’s FY2019 Revenue (TATYY)

Tate & Lyle PLC (OTCMKTS:TATYY) – Jefferies Financial Group issued their FY2019 earnings per share (EPS) estimates for shares of Tate & Lyle in a research note issued to investors on Monday, October 29th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Deboo forecasts that the company will earn $2.63 per share for the year. Jefferies Financial Group also issued estimates for Tate & Lyle’s FY2020 earnings at $2.80 EPS and FY2021 earnings at $2.92 EPS.

Several other brokerages have also recently issued reports on TATYY. ValuEngine raised Tate & Lyle from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Tate & Lyle from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.00.

Shares of Tate & Lyle stock opened at $36.29 on Wednesday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 4.31 and a beta of 0.48. Tate & Lyle has a 12-month low of $29.39 and a 12-month high of $38.25. The company has a current ratio of 2.31, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41.

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 two segments, Speciality Food Ingredients and Bulk Ingredients.

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