ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The brokerage currently has a $35.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.46% from the stock’s previous close.
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, Goldman Sachs Group upgraded shares of ASSD BRIT FOODS/ADR from a “neutral” rating to a “buy” rating in a research note on Wednesday.
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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
See Also: What are Bollinger Bands?
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.