Associated British Foods PLC (OTCMKTS:ASBFY) Given Consensus Recommendation of “Hold” by Analysts

Associated British Foods PLC (OTCMKTS:ASBFY) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a strong buy recommendation on the company.

ASBFY has been the subject of several research reports. Sanford C. Bernstein cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Zacks Research upgraded Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Jefferies Financial Group downgraded Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. Finally, The Goldman Sachs Group lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th.

Associated British Foods Stock Up 0.0%

OTCMKTS ASBFY opened at $25.29 on Wednesday. Associated British Foods has a 12 month low of $23.62 and a 12 month high of $31.96. The company’s 50-day moving average price is $26.47 and its 200-day moving average price is $28.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54.

About Associated British Foods

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.