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

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

Several analysts recently weighed in on ASBFY shares. 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. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th.

Associated British Foods Trading Up 1.3%

Shares of OTCMKTS ASBFY opened at $26.30 on Friday. The company has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $26.07. Associated British Foods has a fifty-two week low of $23.36 and a fifty-two week high of $31.96. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

Associated British Foods Company Profile

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.