ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a sell rating to a hold rating in a report published on Friday, reports.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

OTCMKTS ASBFY opened at $28.48 on Friday. The company has a 50 day simple moving average of $28.25 and a 200-day simple moving average of $30.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.73 and a quick ratio of 0.95. The firm has a market capitalization of $22.41 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.64 and a beta of 0.95. ASSD BRIT FOODS/ADR has a 52-week low of $25.49 and a 52-week high of $35.01.


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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