Jefferies Financial Group Weighs in on ASSD BRIT FOODS/ADR’s FY2020 Earnings (OTCMKTS:ASBFY)

ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) – Research analysts at Jefferies Financial Group lifted their FY2020 earnings estimates for ASSD BRIT FOODS/ADR in a report issued on Thursday, June 25th. Jefferies Financial Group analyst J. Grzinic now expects that the company will post earnings per share of $0.94 for the year, up from their prior forecast of $0.93. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for ASSD BRIT FOODS/ADR’s FY2022 earnings at $1.76 EPS.

A number of other brokerages have also weighed in on ASBFY. Zacks Investment Research upgraded ASSD BRIT FOODS/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Citigroup lowered ASSD BRIT FOODS/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 15th. Morgan Stanley restated an “overweight” rating on shares of ASSD BRIT FOODS/ADR in a research note on Tuesday, May 12th. Berenberg Bank upgraded ASSD BRIT FOODS/ADR from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Finally, Credit Suisse Group restated an “outperform” rating on shares of ASSD BRIT FOODS/ADR in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $40.00.

Shares of ASBFY stock opened at $23.75 on Monday. ASSD BRIT FOODS/ADR has a fifty-two week low of $18.02 and a fifty-two week high of $35.49. The firm has a market capitalization of $18.76 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 8.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.82. The stock’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $27.68.

ASSD BRIT FOODS/ADR Company Profile

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.

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Earnings History and Estimates for ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY)

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