Assd Brit FOODS/ADR (ASBFY) Receives Consensus Rating of “Buy” from Analysts

Assd Brit FOODS/ADR (OTCMKTS:ASBFY) has been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages have recently issued reports on ASBFY. Zacks Investment Research downgraded shares of Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Royal Bank of Canada upgraded shares of Assd Brit FOODS/ADR to an “outperform” rating in a research report on Monday, June 18th. ValuEngine downgraded shares of Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Finally, Berenberg Bank upgraded shares of Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday.

Shares of OTCMKTS ASBFY opened at $30.20 on Friday. The company has a market capitalization of $23.81 billion, a PE ratio of 18.19, a PEG ratio of 1.83 and a beta of 0.95. Assd Brit FOODS/ADR has a 52-week low of $29.00 and a 52-week high of $45.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.89 and a current ratio of 1.75.

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, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Assd Brit FOODS/ADR (OTCMKTS:ASBFY)

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