Numis Securities Ltd Downgrades Associated British Foods plc (ASBFY) to Hold
Associated British Foods plc (OTC:ASBFY) was downgraded by investment analysts at Numis Securities Ltd from an “add” rating to a “hold” rating in a report released on Friday.
Separately, BNP Paribas downgraded Associated British Foods plc from a “neutral” rating to an “underperform” rating in a report on Thursday, January 26th.
Shares of Associated British Foods plc (OTC:ASBFY) opened at 32.87 on Friday. Associated British Foods plc has a 12 month low of $29.84 and a 12 month high of $50.29. The stock has a market capitalization of $25.97 billion, a P/E ratio of 26.11 and a beta of 1.24. The company’s 50 day moving average price is $31.80 and its 200-day moving average price is $33.13.
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Associated British Foods plc Company Profile
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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