Associated British Foods plc (ASBFY) Lifted to “Buy” at Goldman Sachs Group Inc
Associated British Foods plc (OTC:ASBFY) was upgraded by Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating in a research note issued on Monday, StockTargetPrices.com reports.
A number of other research firms also recently weighed in on ASBFY. Numis Securities Ltd downgraded Associated British Foods plc from an “add” rating to a “hold” rating in a research note on Friday. BNP Paribas downgraded Associated British Foods plc from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 26th.
Shares of Associated British Foods plc (OTC:ASBFY) traded up 1.01% on Monday, reaching $32.87. The company’s stock had a trading volume of 8,095 shares. Associated British Foods plc has a 52-week low of $29.84 and a 52-week high of $50.29. The company has a market cap of $25.97 billion, a P/E ratio of 26.11 and a beta of 1.24. The company has a 50 day moving average price of $31.80 and a 200 day moving average price of $33.13.
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About Associated British Foods plc
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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