Associated British Foods PLC (OTCMKTS:ASBFY) Given Consensus Rating of “Reduce” by Analysts

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given an average recommendation of “Reduce” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th.

Associated British Foods Price Performance

Shares of OTCMKTS ASBFY opened at $25.67 on Friday. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.96. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $25.12 and a two-hundred day moving average of $26.03.

About Associated British Foods

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.