Kepler Capital Markets Upgrades Associated British Foods (OTCMKTS:ASBFY) to Strong-Buy

Associated British Foods (OTCMKTS:ASBFY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Associated British Foods Price Performance

Shares of OTCMKTS:ASBFY opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 0.75. The company’s fifty day moving average is $28.97 and its two-hundred day moving average is $29.03. Associated British Foods has a 1-year low of $22.69 and a 1-year high of $31.96.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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.