Associated British Foods PLC (OTCMKTS:ASBFY) Stock Rated “Strong Sell” by Wall Street Brokerages

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given an average recommendation of “Strong Sell” by the six brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company.

Several equities research analysts have recently commented on the stock. Zacks Research lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Thursday. Kepler Capital Markets downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th.

Associated British Foods Price Performance

ASBFY stock opened at $24.36 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. The business has a 50-day moving average price of $26.86 and a 200 day moving average price of $25.91. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11.

Associated British Foods Company Profile

Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. Its food businesses produce and market grocery products, including bread, cereals, sugar, tea, coffee, condiments, cooking ingredients and specialty foods. The company’s portfolio includes brands such as Twinings, Ovaltine, Jordans, Ryvita, Silver Spoon, Kingsmill and Patak’s, alongside a range of private-label products.

Through ABF Ingredients, the company supplies yeast, enzymes, bakery ingredients, specialty ingredients and other food-processing products to commercial customers.