Associated British Foods PLC (OTCMKTS:ASBFY) Given Consensus Recommendation of “Reduce” by Analysts

Associated British Foods PLC (OTCMKTS:ASBFY) has been given a consensus rating of “Reduce” by the six analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have commented on ASBFY shares. Royal Bank Of Canada downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th.

Associated British Foods Price Performance

Shares of OTCMKTS ASBFY opened at $26.30 on Friday. Associated British Foods has a twelve month low of $23.36 and a twelve month high of $31.96. The company has a 50 day moving average of $25.08 and a 200 day moving average of $26.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51.

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.