ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) Upgraded at Goldman Sachs Group

Goldman Sachs Group upgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a neutral rating to a buy rating in a report issued on Wednesday, The Fly reports.

Separately, Zacks Investment Research raised ASSD BRIT FOODS/ADR from a sell rating to a hold rating in a research note on Friday, November 1st.

ASBFY traded up $0.01 during mid-day trading on Wednesday, reaching $31.40. 10,690 shares of the stock were exchanged, compared to its average volume of 46,122. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 1.73. The stock has a market capitalization of $24.32 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. The company has a 50 day moving average price of $28.43 and a two-hundred day moving average price of $30.12. ASSD BRIT FOODS/ADR has a 1 year low of $25.49 and a 1 year high of $34.86.

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be paid a $0.398 dividend. This is a boost from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. The ex-dividend date is Thursday, December 12th. ASSD BRIT FOODS/ADR’s dividend payout ratio is currently 15.29%.


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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