Associated British Foods PLC (OTCMKTS:ASBFY) Stock Rated “Strong Sell” by Wall Street Analysts

Shares of Associated British Foods PLC (OTCMKTS:ASBFY) have been assigned a consensus recommendation of “Strong Sell” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company.

Several brokerages have recently commented on ASBFY. Zacks Research downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. Kepler Capital Markets cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th.

Associated British Foods Stock Performance

Shares of ASBFY stock opened at $25.21 on Friday. The stock’s fifty day simple moving average is $25.85 and its 200 day simple moving average is $25.84. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. Associated British Foods has a one year low of $23.36 and a one year high of $30.86.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients and retail company headquartered in the United Kingdom. Founded in 1935, the group operates through five principal businesses: grocery, ingredients, sugar, agriculture and retail.

Its grocery operations produce branded and private-label foods, including bread, cereals, cooking ingredients, condiments, teas and other packaged products. The ingredients business supplies specialty ingredients such as yeast, enzymes, bakery products and savory solutions to food manufacturers.