Associated British Foods (OTCMKTS:ASBFY – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.
Separately, 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. Two investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell”.
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Associated British Foods Stock Performance
About Associated British Foods
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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