Associated British Foods (OTCMKTS:ASBFY) Stock Rating Upgraded by Zacks Research

Associated British Foods (OTCMKTS:ASBFY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Separately, Kepler Capital Markets downgraded Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Associated British Foods presently has an average rating of “Reduce”.

Associated British Foods Price Performance

Shares of OTCMKTS:ASBFY opened at $26.49 on Tuesday. The firm has a fifty day moving average price of $25.58 and a two-hundred day moving average price of $25.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.69. Associated British Foods has a one year low of $23.36 and a one year high of $29.87.

Associated British Foods Company Profile

Associated British Foods plc is a diversified international group whose activities span food, ingredients, agriculture, sugar and retail. Its food businesses make and sell products such as tea, cereals, baking ingredients and grocery staples, with brands including Twinings, Ovaltine, Jordans and Ryvita. The group also supplies yeast and other ingredients to food manufacturers and operates agricultural businesses serving farmers and livestock producers. Through Primark, Associated British Foods operates an international clothing and homewares retailer.