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

Associated British Foods PLC (OTCMKTS:ASBFY) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. Zacks Research raised Associated British Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Kepler Capital Markets raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th.

Associated British Foods Price Performance

Shares of OTCMKTS ASBFY opened at $25.16 on Tuesday. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $31.96. The firm has a fifty day moving average price of $28.03 and a 200-day moving average price of $28.94. 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.