Associated British Foods (OTCMKTS:ASBFY) Raised to “Hold” at Zacks Research

Associated British Foods (OTCMKTS:ASBFY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Separately, Kepler Capital Markets downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Associated British Foods Stock Down 1.4%

Shares of ASBFY stock opened at $26.49 on Tuesday. The stock has a 50 day moving average of $25.58 and a 200 day moving average of $25.90. The company has a current ratio of 1.51, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. Associated British Foods has a twelve month low of $23.36 and a twelve month high of $29.87.

About Associated British Foods

Associated British Foods plc is a diversified international group whose activities span food, ingredients, agriculture, sugar and retail. Its food businesses make and sell products such as tea, cereals, baking ingredients and grocery staples, with brands including Twinings, Ovaltine, Jordans and Ryvita. The group also supplies yeast and other ingredients to food manufacturers and operates agricultural businesses serving farmers and livestock producers. Through Primark, Associated British Foods operates an international clothing and homewares retailer.