Zacks Investment Research cut shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a hold rating to a sell rating in a research report sent to investors on Thursday, Zacks.com reports.

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. “

Separately, Bank of America set a $152.00 price target on Caterpillar and gave the stock a buy rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $34.00.

Shares of ASSD BRIT FOODS/ADR stock opened at $29.58 on Thursday. The stock’s fifty day simple moving average is $31.44. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.83 and a beta of 0.97. ASSD BRIT FOODS/ADR has a 12 month low of $25.50 and a 12 month high of $35.01.

ASSD BRIT FOODS/ADR Company Profile

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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

Further Reading: How is the discount rate different from the Federal Funds rate?

Get a free copy of the Zacks research report on ASSD BRIT FOODS/ADR (ASBFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ASSD BRIT FOODS/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSD BRIT FOODS/ADR and related companies with MarketBeat.com's FREE daily email newsletter.