Zacks Investment Research upgraded shares of Assd Brit FOODS/ADR (OTCMKTS:ASBFY) from a strong sell rating to a hold rating in a research report report published on Wednesday.

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. “

ASBFY has been the subject of a number of other research reports. Goldman Sachs Group downgraded shares of Assd Brit FOODS/ADR from a buy rating to a neutral rating in a research report on Wednesday, May 23rd. ValuEngine downgraded shares of Assd Brit FOODS/ADR from a hold rating to a sell rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada raised shares of Assd Brit FOODS/ADR to an outperform rating in a research report on Monday, June 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $42.00.

OTCMKTS:ASBFY opened at $29.35 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.75 and a debt-to-equity ratio of 0.07. Assd Brit FOODS/ADR has a 12 month low of $29.00 and a 12 month high of $45.22. The company has a market capitalization of $23.27 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.76 and a beta of 0.97.

About Assd Brit FOODS/ADR

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Assd Brit FOODS/ADR (OTCMKTS:ASBFY)

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