Associated British Foods PLC (OTCMKTS:ASBFY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given an average recommendation of “Reduce” by the six ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

A number of analysts have weighed in on ASBFY shares. Zacks Research upgraded Associated British Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Kepler Capital Markets cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th.

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at $24.36 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. Associated British Foods has a 12 month low of $23.36 and a 12 month high of $31.11. The stock has a 50 day moving average of $26.86 and a 200 day moving average of $25.90.

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.