Associated British Foods PLC (OTCMKTS:ASBFY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have earned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company.

A number of research firms have weighed in on ASBFY. Zacks Research lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th.

Associated British Foods Price Performance

OTCMKTS ASBFY opened at $26.84 on Tuesday. Associated British Foods has a 1 year low of $23.36 and a 1 year high of $31.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. The company has a fifty day moving average of $25.39 and a 200 day moving average of $25.72.

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.