Associated British Foods PLC (ASBFY) Receives Consensus Rating of “Hold” from Brokerages
Associated British Foods PLC (OTCMKTS:ASBFY) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $49.00.
A number of brokerages have issued reports on ASBFY. Zacks Investment Research raised shares of Associated British Foods PLC from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, September 15th. Goldman Sachs Group, Inc. (The) lowered shares of Associated British Foods PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 7th.
Shares of Associated British Foods PLC (OTCMKTS ASBFY) traded up $0.23 during trading hours on Monday, hitting $40.97. 11,532 shares of the company’s stock were exchanged, compared to its average volume of 68,046. Associated British Foods PLC has a 52 week low of $30.01 and a 52 week high of $45.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 0.91.
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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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