Associated British Foods PLC (OTCMKTS:ASBFY) was upgraded by equities researchers at Societe Generale from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

ASBFY has been the subject of a number of other research reports. Numis Securities Ltd raised shares of Associated British Foods PLC from a “hold” rating to an “add” rating in a research report on Friday, September 23rd. Berenberg Bank downgraded shares of Associated British Foods PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Jefferies Group upgraded shares of Associated British Foods PLC from an “underperform” rating to a “hold” rating in a report on Friday, October 21st. Finally, Kepler Capital Markets upgraded shares of Associated British Foods PLC from a “reduce” rating to a “hold” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Analyst Recommendations for Associated British Foods PLC (OTCMKTS:ASBFY)

Associated British Foods PLC (OTCMKTS:ASBFY) opened at 31.94 on Friday. The firm has a 50-day moving average of $31.84 and a 200-day moving average of $37.78. Associated British Foods PLC has a one year low of $29.84 and a one year high of $54.24.

Associated British Foods PLC Company Profile

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

Receive News & Stock Ratings for Associated British Foods PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods PLC and related stocks with our FREE daily email newsletter.