Associated British Foods PLC (OTCMKTS:ASBFY) Given Average Recommendation of “Reduce” by Analysts

Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) has been given a consensus rating of “Reduce” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a strong buy recommendation to the company.

ASBFY has been the subject of a number of recent research reports. Royal Bank Of Canada downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th.

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Associated British Foods Price Performance

Shares of Associated British Foods stock opened at $24.77 on Monday. The company has a current ratio of 1.51, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $24.87 and a two-hundred day simple moving average of $26.44. Associated British Foods has a one year low of $23.36 and a one year high of $31.96.

Associated British Foods Company Profile

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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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