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

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have earned a consensus rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has issued a strong buy recommendation on the company.

ASBFY has been the subject of a number of recent analyst reports. Royal Bank Of Canada downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th.

Associated British Foods Price Performance

Associated British Foods stock opened at $25.38 on Friday. Associated British Foods has a 1 year low of $23.36 and a 1 year high of $31.96. The firm has a 50 day moving average price of $25.13 and a 200 day moving average price of $25.99. 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 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.