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Associated British Foods plc (NASDAQ:ASBFY) was downgraded by stock analysts at Numis Securities Ltd from a “hold” rating to a “sell” rating in a report issued on Thursday, StockRatingsNetwork reports.

Shares of Associated British Foods plc (NASDAQ:ASBFY) opened at 44.41 on Thursday. Associated British Foods plc has a one year low of $25.55 and a one year high of $44.71. The stock has a 50-day moving average of $39. and a 200-day moving average of $33.27. The company has a market cap of $35.070 billion and a P/E ratio of 36.95.

Separately, analysts at Barclays downgraded shares of Associated British Foods plc from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, November 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.

Associated British Foods plc (NASDAQ:ASBFY) is a holding company.

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