Associated British Foods PLC (OTCMKTS:ASBFY) Stock Now Rated “Strong Sell” by Wall Street Brokerages

Associated British Foods PLC (OTCMKTS:ASBFY) has earned a consensus recommendation of “Strong Sell” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company.

ASBFY has been the subject of several recent analyst reports. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. Kepler Capital Markets downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th.

Associated British Foods Stock Up 0.9%

ASBFY stock opened at $26.04 on Friday. 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 business has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $25.96. Associated British Foods has a twelve month low of $23.36 and a twelve month high of $31.11.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients and retail company headquartered in the United Kingdom. Founded in 1935, the group operates through five principal businesses: grocery, ingredients, sugar, agriculture and retail.

Its grocery operations produce branded and private-label foods, including bread, cereals, cooking ingredients, condiments, teas and other packaged products. The ingredients business supplies specialty ingredients such as yeast, enzymes, bakery products and savory solutions to food manufacturers.