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

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

Several analysts recently issued reports on the company. Jefferies Financial Group cut Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Zacks Research upgraded shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. The Goldman Sachs Group cut shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday. Kepler Capital Markets upgraded shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Sanford C. Bernstein cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Associated British Foods Trading Down 0.4%

Shares of Associated British Foods stock opened at $25.27 on Tuesday. The company’s fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $28.97. Associated British Foods has a 12-month low of $22.69 and a 12-month high of $31.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.54 and a quick ratio of 0.75.

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.