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

Associated British Foods PLC (OTCMKTS:ASBFY) has been assigned an average rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a strong buy recommendation to the company.

Separately, Zacks Research upgraded shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday.

Associated British Foods Stock Performance

OTCMKTS:ASBFY opened at $27.56 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. Associated British Foods has a 52 week low of $23.36 and a 52 week high of $31.11. The firm has a 50 day moving average of $27.33 and a 200 day moving average of $25.97.

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.