Zacks Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY – Free Report) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks reports.
Separately, Kepler Capital Markets lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.
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Associated British Foods Price Performance
ASBFY opened at $26.49 on Tuesday. The business has a fifty day moving average price of $25.58 and a 200 day moving average price of $25.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. Associated British Foods has a 12 month low of $23.36 and a 12 month high of $29.87.
About Associated British Foods
Associated British Foods plc is a diversified international group whose activities span food, ingredients, agriculture, sugar and retail. Its food businesses make and sell products such as tea, cereals, baking ingredients and grocery staples, with brands including Twinings, Ovaltine, Jordans and Ryvita. The group also supplies yeast and other ingredients to food manufacturers and operates agricultural businesses serving farmers and livestock producers. Through Primark, Associated British Foods operates an international clothing and homewares retailer.
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