Associated British Foods (OTCMKTS:ASBFY – Get Free Report) was downgraded by investment analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.
Separately, Zacks Research upgraded Associated British Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.
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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. The company operates through five principal businesses: Grocery, Ingredients, Agriculture, Sugar and Retail. Its food products include tea, coffee, cereal, bread, baking ingredients, condiments and other grocery items sold under brands such as Twinings, Ovaltine, Jordans, Ryvita, Kingsmill and Silver Spoon.
Through its ingredients operations, Associated British Foods supplies yeast, bakery ingredients and other specialty ingredients to food manufacturers and commercial bakeries.
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