Barclays cut shares of Associated British Foods plc (OTCMKTS:ASBFY) from an overweight rating to an equal weight rating in a research report sent to investors on Monday morning, AmericanBankingNews.com reports.
Barclays has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of United Continental Holdings to an underweight rating. Also, Barclays lowered its price target on shares of Eldorado Gold Co. from $9.00 to $8.00. They have an equal weight rating on that stock. Finally, Barclays downgraded shares of Coca-Cola HBC S.A. from an overweight rating to an equal weight rating. Their analysts now have a $1,825.00 price target on that stock.
Shares of Associated British Foods plc (OTCMKTS:ASBFY) traded down 0.60% during mid-day trading on Monday, hitting $36.24. 3,060 shares of the company’s stock traded hands. Associated British Foods plc has a 52 week low of $21.91 and a 52 week high of $36.96. The stock’s 50-day moving average is $32.88 and its 200-day moving average is $29.96. The company has a market cap of $28.618 billion and a P/E ratio of 30.33.
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