Associated British Foods (OTCMKTS:ASBFY) Cut to “Underperform” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Associated British Foods (OTCMKTS:ASBFY) from a hold rating to an underperform rating in a report issued on Monday, MarketBeat.com reports.

A number of other research analysts have also weighed in on ASBFY. Kepler Capital Markets raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Associated British Foods Stock Performance

Shares of ASBFY opened at $28.28 on Monday. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $31.96. The company’s 50 day simple moving average is $29.08 and its 200 day simple moving average is $29.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.54 and a quick ratio of 0.75.

About Associated British Foods

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.