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.
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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