Associated British Foods PLC (OTCMKTS:ASBFY) Receives Average Rating of “Reduce” from Analysts

Associated British Foods PLC (OTCMKTS:ASBFY) has earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

ASBFY has been the topic of several research analyst reports. The Goldman Sachs Group lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday. Sanford C. Bernstein cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday. Kepler Capital Markets upgraded Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Zacks Research raised shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Jefferies Financial Group cut shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research report on Monday, December 15th.

Associated British Foods Trading Down 0.2%

Shares of OTCMKTS ASBFY opened at $25.14 on Tuesday. The firm has a fifty day moving average of $28.39 and a 200 day moving average of $29.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.54 and a quick ratio of 0.75. Associated British Foods has a one year low of $22.69 and a one year high of $31.96.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.