Associated British Foods plc (NASDAQ:ASBFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

A number of other brokerages have also recently issued reports on ASBFY. Berenberg Bank cut Associated British Foods plc from a “buy” rating to a “hold” rating in a report on Wednesday, August 31st. Deutsche Bank AG reiterated a “buy” rating on shares of Associated British Foods plc in a report on Wednesday, August 31st. RBC Capital Markets upgraded Associated British Foods plc from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 30th. Jefferies Group cut Associated British Foods plc from a “hold” rating to an “underperform” rating in a report on Tuesday, September 13th. Finally, Numis Securities Ltd upgraded Associated British Foods plc from a “hold” rating to an “add” rating in a report on Friday, September 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.00.

Analyst Recommendations for Associated British Foods plc (NASDAQ:ASBFY)

Shares of Associated British Foods plc (NASDAQ:ASBFY) traded down 0.385% during mid-day trading on Tuesday, hitting $32.345. The stock had a trading volume of 27,968 shares. Associated British Foods plc has a 1-year low of $29.84 and a 1-year high of $54.24. The firm’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.

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About Associated British Foods plc

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.

5 Day Chart for NASDAQ:ASBFY

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