Associated British Foods (OTCMKTS:ASBFY) Stock Rating Raised to “Hold” at Zacks Research

Associated British Foods (OTCMKTS:ASBFY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, Kepler Capital Markets lowered Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Associated British Foods Stock Down 1.4%

Shares of Associated British Foods stock opened at $26.49 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. The stock’s 50 day simple moving average is $25.58 and its 200-day simple moving average is $25.90. Associated British Foods has a 1-year low of $23.36 and a 1-year 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.