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

Zacks Investment Research downgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a buy rating to a hold rating in a report published on Monday, Zacks.com 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. “

Separately, Goldman Sachs Group raised ASSD BRIT FOODS/ADR from a neutral rating to a buy rating in a report on Wednesday, November 6th.

Shares of OTCMKTS ASBFY opened at $32.76 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $30.49 and a 200-day simple moving average of $30.00. ASSD BRIT FOODS/ADR has a 12-month low of $25.49 and a 12-month high of $34.30.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.398 per share. This is a positive change from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 12th. ASSD BRIT FOODS/ADR’s dividend payout ratio (DPR) is 15.29%.

ASSD BRIT FOODS/ADR Company Profile

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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