Shares of Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 615,043 shares traded hands during mid-day trading, an increase of 408% from the previous session’s volume of 121,104 shares.The stock last traded at $25.86 and had previously closed at $25.05.
Analyst Ratings Changes
Several equities research analysts have recently commented on ASBFY shares. Zacks Research lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Associated British Foods has a consensus rating of “Reduce”.
Read Our Latest Stock Report on ASBFY
Associated British Foods Price Performance
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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