Associated British Foods (OTCMKTS:ASBFY) Upgraded to “Hold” at Zacks Research

Associated British Foods (OTCMKTS:ASBFY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Associated British Foods Stock Down 0.2%

Shares of Associated British Foods stock opened at $27.56 on Tuesday. 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 business has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.97. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11.

About Associated British Foods

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.