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

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

Separately, Zacks Research raised shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st.

Associated British Foods Stock Down 0.4%

Shares of ASBFY opened at $27.56 on Thursday. Associated British Foods has a fifty-two week low of $23.36 and a fifty-two week high of $31.11. The firm’s 50 day moving average price is $27.49 and its 200 day moving average price is $26.01. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. The company operates through five principal businesses: Grocery, Ingredients, Agriculture, Sugar and Retail. Its food products include tea, coffee, cereal, bread, baking ingredients, condiments and other grocery items sold under brands such as Twinings, Ovaltine, Jordans, Ryvita, Kingsmill and Silver Spoon.

Through its ingredients operations, Associated British Foods supplies yeast, bakery ingredients and other specialty ingredients to food manufacturers and commercial bakeries.