Associated British Foods PLC (OTCMKTS:ASBFY) Stock Rated “Reduce” by Wall Street Brokerages

Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) has received a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

A number of research firms have commented on ASBFY. 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. Zacks Research upgraded Associated British Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st.

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Associated British Foods Price Performance

ASBFY opened at $24.61 on Monday. Associated British Foods has a twelve month low of $23.36 and a twelve month high of $31.11. The firm’s 50-day moving average price is $26.94 and its 200 day moving average price is $25.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51.

Associated British Foods Company Profile

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Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. Its food businesses produce and market grocery products, including bread, cereals, sugar, tea, coffee, condiments, cooking ingredients and specialty foods. The company’s portfolio includes brands such as Twinings, Ovaltine, Jordans, Ryvita, Silver Spoon, Kingsmill and Patak’s, alongside a range of private-label products.

Through ABF Ingredients, the company supplies yeast, enzymes, bakery ingredients, specialty ingredients and other food-processing products to commercial customers.

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