Associated British Foods plc (OTCMKTS:ASBFY) Given Average Rating of “Hold” by Analysts

Associated British Foods plc (OTCMKTS:ASBFYGet Rating) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $2,700.00.

Several research analysts recently weighed in on the company. Morgan Stanley lowered Associated British Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, March 11th. Grupo Santander cut Associated British Foods from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 27th. Zacks Investment Research upgraded Associated British Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Societe Generale cut Associated British Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, March 2nd. Finally, The Goldman Sachs Group cut Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Thursday, January 27th.

Shares of Associated British Foods stock opened at $20.00 on Friday. Associated British Foods has a fifty-two week low of $19.20 and a fifty-two week high of $34.01. The company has a current ratio of 1.86, a quick ratio of 1.20 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $24.74.

Associated British Foods Company Profile (Get Rating)

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Associated British Foods (OTCMKTS:ASBFY)

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