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

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

Several research firms recently issued reports on ASBFY. Sanford C. Bernstein lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. The Goldman Sachs Group cut Associated British Foods from a “hold” rating to a “strong sell” rating in a research report 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. Jefferies Financial Group downgraded Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Finally, Zacks Research raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a research report on Tuesday.

Associated British Foods Stock Up 1.2%

OTCMKTS ASBFY opened at $26.46 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. Associated British Foods has a 12-month low of $23.13 and a 12-month high of $31.96. The company has a 50 day moving average price of $27.27 and a two-hundred day moving average price of $28.65.

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.