ASSD BRIT FOODS/ADR (ASBFY) Upgraded to “Hold” by Zacks Investment Research

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ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

Separately, Societe Generale initiated coverage on shares of ASSD BRIT FOODS/ADR in a research report on Tuesday, December 11th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. ASSD BRIT FOODS/ADR has a consensus rating of “Hold” and an average price target of $34.00.

ASBFY traded down $0.21 on Monday, reaching $29.74. The company had a trading volume of 79,879 shares, compared to its average volume of 53,874. The firm has a market capitalization of $23.71 billion, a PE ratio of 16.90, a P/E/G ratio of 2.69 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.63 and a debt-to-equity ratio of 0.04. ASSD BRIT FOODS/ADR has a one year low of $25.50 and a one year high of $39.06.

ASSD BRIT FOODS/ADR Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY)

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