Associated British Foods (ASBFY) Upgraded to Overweight at Barclays
Barclays upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from an equal weight rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat.com reports.
ASBFY has been the topic of several other reports. Goldman Sachs Group downgraded Associated British Foods from a buy rating to a neutral rating in a report on Tuesday, November 7th. Zacks Investment Research raised Associated British Foods from a sell rating to a buy rating and set a $43.00 price target on the stock in a report on Tuesday, January 9th. Finally, Morgan Stanley downgraded Associated British Foods from an overweight rating to an equal weight rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Associated British Foods currently has a consensus rating of Hold and a consensus price target of $43.00.
Shares of Associated British Foods (OTCMKTS ASBFY) opened at $38.43 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.65 and a quick ratio of 0.98. Associated British Foods has a 1-year low of $30.01 and a 1-year high of $45.22.
About Associated British Foods
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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