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Associated British Foods plc (NASDAQ:ASBFY) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, American Banking News reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company.

Shares of Associated British Foods plc (NASDAQ:ASBFY) opened at 49.73 on Monday. Associated British Foods plc has a 52 week low of $25.74 and a 52 week high of $50.18. The stock’s 50-day moving average is $45.37 and its 200-day moving average is $36.49. The company has a market cap of $39.271 billion and a price-to-earnings ratio of 41.37.

ASBFY has been the subject of a number of recent research reports. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Associated British Foods plc in a research note on Friday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Associated British Foods plc in a research note on Friday. Finally, analysts at Numis Securities Ltd downgraded shares of Associated British Foods plc from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th.

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

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