Jefferies Financial Group Comments on ASSD BRIT FOODS/ADR’s FY2020 Earnings (OTCMKTS:ASBFY)
ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) – Equities researchers at Jefferies Financial Group lifted their FY2020 earnings per share estimates for shares of ASSD BRIT FOODS/ADR in a note issued to investors on Thursday, June 25th. Jefferies Financial Group analyst J. Grzinic now expects that the company will post earnings per share of $0.94 for the year, up from their previous forecast of $0.93. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for ASSD BRIT FOODS/ADR’s FY2022 earnings at $1.76 EPS.
A number of other analysts have also recently issued reports on ASBFY. Morgan Stanley reissued an “overweight” rating on shares of ASSD BRIT FOODS/ADR in a report on Tuesday, May 12th. Citigroup cut ASSD BRIT FOODS/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. Credit Suisse Group reaffirmed an “outperform” rating on shares of ASSD BRIT FOODS/ADR in a report on Wednesday, May 27th. Berenberg Bank raised ASSD BRIT FOODS/ADR from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Finally, Zacks Investment Research raised ASSD BRIT FOODS/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $40.00.
About ASSD BRIT FOODS/ADR
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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