Associated British Foods (OTCMKTS:ASBFY) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Associated British Foods (OTCMKTS:ASBFY – Get Rating) from a hold rating to a buy rating in a research note published on Monday, The Fly reports.

Other equities analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of Associated British Foods from an equal weight rating to an overweight rating in a report on Friday, December 2nd. HSBC lowered shares of Associated British Foods from a buy rating to a hold rating in a report on Friday, October 28th. Finally, The Goldman Sachs Group upgraded shares of Associated British Foods from a sell rating to a neutral rating in a report on Thursday, December 1st. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Associated British Foods has a consensus rating of Hold and an average price target of $1,850.00.

Associated British Foods Price Performance

Shares of OTCMKTS:ASBFY opened at $23.27 on Monday. The company’s 50 day simple moving average is $20.10 and its 200 day simple moving average is $18.21. Associated British Foods has a 1 year low of $13.50 and a 1 year high of $27.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.93 and a quick ratio of 1.13.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 30th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.2962 per share. This is a positive change from Associated British Foods’s previous dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 15th. This represents a dividend yield of 2.12%.

Associated British Foods Company Profile

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Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following business segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products.