Zacks Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY – Free Report) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks reports.
Associated British Foods Price Performance
OTCMKTS:ASBFY opened at $27.56 on Tuesday. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. The firm has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $25.97.
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.
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