ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) declared a Semi-Annual dividend on Tuesday, November 5th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.398 per share on Monday, January 27th. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39.
ASSD BRIT FOODS/ADR stock traded up $0.05 during mid-day trading on Tuesday, hitting $33.28. 8,959 shares of the company were exchanged, compared to its average volume of 9,660. ASSD BRIT FOODS/ADR has a 12-month low of $25.49 and a 12-month high of $34.30. The company has a market capitalization of $26.35 billion, a P/E ratio of 19.58, a PEG ratio of 2.06 and a beta of 0.96. The business’s 50 day simple moving average is $31.12 and its two-hundred day simple moving average is $29.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.05.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded ASSD BRIT FOODS/ADR from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, December 3rd. Goldman Sachs Group raised ASSD BRIT FOODS/ADR from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, ValuEngine cut ASSD BRIT FOODS/ADR from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.00.
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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