Associated British Foods PLC (OTCMKTS:ASBFY) Receives Consensus Recommendation of “Hold” from Brokerages

Associated British Foods PLC (OTCMKTS:ASBFY) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Jefferies Financial Group lowered shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research report on Monday, December 15th. Sanford C. Bernstein lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Zacks Research cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

Associated British Foods Stock Performance

Shares of OTCMKTS:ASBFY opened at $25.10 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54. The business has a fifty day moving average price of $25.64 and a two-hundred day moving average price of $27.37. Associated British Foods has a 1 year low of $23.36 and a 1 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.