Associated British Foods PLC (OTCMKTS:ASBFY) Given Average Recommendation of “Hold” by Analysts

Associated British Foods PLC (OTCMKTS:ASBFY) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the company.

ASBFY has been the subject of a number of research analyst reports. Zacks Research upgraded Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday. The Goldman Sachs Group lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Sanford C. Bernstein cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Jefferies Financial Group lowered shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research report on Monday, December 15th. Finally, Kepler Capital Markets upgraded shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th.

Associated British Foods Stock Up 1.2%

Associated British Foods stock opened at $26.46 on Friday. Associated British Foods has a 52 week low of $23.13 and a 52 week high of $31.96. The company has a current ratio of 1.54, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $28.65.

About Associated British Foods

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.