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

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given an average recommendation of “Reduce” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company.

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada cut shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th.

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at $24.03 on Monday. The firm has a fifty day simple moving average of $24.90 and a 200-day simple moving average of $26.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.96.

Associated British Foods Company Profile

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.