Numis Securities Ltd downgraded shares of Associated British Foods PLC (OTC:ASBFY) from a buy rating to an add rating in a research report report published on Thursday morning.

Associated British Foods PLC (OTC:ASBFY) traded down 0.50% during mid-day trading on Thursday, hitting $31.81. The stock had a trading volume of 18,691 shares. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. Associated British Foods PLC has a 12 month low of $29.84 and a 12 month high of $50.29.

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About Associated British Foods PLC

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

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