Associated British Foods (OTCMKTS:ASBFY) Upgraded by Kepler Capital Markets to “Strong-Buy” Rating

Kepler Capital Markets upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Associated British Foods Price Performance

Shares of OTCMKTS ASBFY opened at $29.89 on Wednesday. The business has a fifty day moving average price of $28.97 and a two-hundred day moving average price of $29.03. The company has a quick ratio of 0.75, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. Associated British Foods has a fifty-two week low of $22.69 and a fifty-two week 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.