Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) shares saw strong trading volume on Tuesday . Approximately 320,923 shares changed hands during mid-day trading, an increase of 129% from the previous session’s volume of 140,077 shares.The stock last traded at $26.6750 and had previously closed at $26.74.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Royal Bank Of Canada lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.
Read Our Latest Analysis on Associated British Foods
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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