Associated British Foods (OTCMKTS:ASBFY) Upgraded at Zacks Research

Zacks Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Sanford C. Bernstein downgraded Associated British Foods from a “strong-buy” rating to a “hold” 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. Jefferies Financial Group downgraded Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. Finally, The Goldman Sachs Group lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Associated British Foods Stock Performance

OTCMKTS:ASBFY opened at $26.15 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 0.75 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average price is $27.32 and its 200-day moving average price is $28.68. Associated British Foods has a 52 week low of $23.13 and a 52 week high of $31.96.

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.