Associated British Foods PLC (OTCMKTS:ASBFY) Receives Average Rating of “Reduce” from Brokerages

Associated British Foods PLC (OTCMKTS:ASBFY) has been given an average rating of “Reduce” by the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company.

Separately, Zacks Research upgraded Associated British Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday.

Associated British Foods Stock Down 0.2%

Associated British Foods stock opened at $27.56 on Thursday. The business’s 50-day moving average price is $27.33 and its 200 day moving average price is $25.97. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. Associated British Foods has a 52 week low of $23.36 and a 52 week high of $31.11.

About Associated British Foods

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.