Associated British Foods PLC (OTCMKTS:ASBFY) Given Consensus Rating of “Reduce” by Brokerages

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Four research 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.

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Zacks Research cut Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th.

Associated British Foods Trading Up 3.2%

Shares of OTCMKTS:ASBFY traded up $0.83 during trading on Tuesday, reaching $26.48. 16,843 shares of the company’s stock traded hands, compared to its average volume of 139,170. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. Associated British Foods has a 12 month low of $23.36 and a 12 month high of $31.96. The company has a 50 day moving average of $25.21 and a 200-day moving average of $25.81.

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.