Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been given an average rating of “Hold” by the thirteen research firms that are covering the firm. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $49.00.
A number of research firms recently issued reports on ASBFY. Morgan Stanley downgraded shares of Associated British Foods PLC from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 23rd. Berenberg Bank downgraded shares of Associated British Foods PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd upgraded shares of Associated British Foods PLC from a “hold” rating to an “add” rating in a research report on Friday, September 23rd.
Associated British Foods PLC (OTCMKTS:ASBFY) opened at 31.57 on Wednesday. The company has a market cap of $24.93 billion, a P/E ratio of 25.96 and a beta of 1.05. The stock has a 50 day moving average of $37.49 and a 200-day moving average of $40.97. Associated British Foods PLC has a 12 month low of $31.11 and a 12 month high of $54.24.
Associated British Foods PLC Company Profile
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.
Receive News & Ratings for Associated British Foods PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods PLC and related companies with MarketBeat.com's FREE daily email newsletter.