Associated British Foods PLC (OTCMKTS:ASBFY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have received a consensus recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating on the company.

A number of brokerages have recently commented on ASBFY. Zacks Research lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Royal Bank Of Canada lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th.

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at $24.77 on Monday. The stock’s 50-day moving average is $24.87 and its 200-day moving average is $26.47. Associated British Foods has a one year low of $23.36 and a one year high of $31.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.