Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $25.65, but opened at $26.62. Associated British Foods shares last traded at $26.3706, with a volume of 11,076 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on ASBFY shares. Royal Bank Of Canada cut shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Associated British Foods currently has a consensus rating of “Reduce”.
Read Our Latest Report on ASBFY
Associated British Foods Stock 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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