Associated British Foods (ASBFY) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $41.00 price target on the stock.
According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “
A number of other brokerages have also weighed in on ASBFY. Goldman Sachs Group lowered shares of Associated British Foods from a buy rating to a neutral rating in a report on Tuesday, November 7th. Morgan Stanley lowered shares of Associated British Foods from an overweight rating to an equal weight rating in a research note on Tuesday, November 28th. Finally, Barclays upgraded shares of Associated British Foods from an equal weight rating to an overweight rating in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Associated British Foods has an average rating of Hold and an average target price of $41.00.
The business also recently announced a None dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.352 per share. The ex-dividend date of this dividend was Thursday, December 14th.
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Associated British Foods Company Profile
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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