Zacks Investment Research lowered shares of Associated British Foods plc (NASDAQ:ASBFY) from a buy rating to a hold rating in a report issued on Monday morning.

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. “

Separately, Kepler Capital Markets raised shares of Associated British Foods plc from a hold rating to a buy rating in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $46.00.

Associated British Foods plc (ASBFY) opened at 42.45 on Monday. Associated British Foods plc has a 12-month low of $29.84 and a 12-month high of $43.21.

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

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