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 analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company.

Several analysts have recently issued reports on the stock. Kepler Capital Markets cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st.

Associated British Foods Price Performance

Shares of OTCMKTS:ASBFY opened at $25.77 on Friday. Associated British Foods has a 52 week low of $23.36 and a 52 week high of $31.06. The firm has a fifty day simple moving average of $25.93 and a two-hundred day simple moving average of $25.84.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients and retail company headquartered in the United Kingdom. Founded in 1935, the group operates through five principal businesses: grocery, ingredients, sugar, agriculture and retail.

Its grocery operations produce branded and private-label foods, including bread, cereals, cooking ingredients, condiments, teas and other packaged products. The ingredients business supplies specialty ingredients such as yeast, enzymes, bakery products and savory solutions to food manufacturers.