Associated British Foods (ASBFY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a sell rating to a buy rating in a research note issued to investors on Tuesday. They currently have $43.00 price target on the stock.

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. “

Other equities analysts also recently issued reports about the company. Morgan Stanley downgraded Associated British Foods from an overweight rating to an equal weight rating in a research note on Tuesday, November 28th. Goldman Sachs Group downgraded Associated British Foods from a buy rating to a neutral rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Associated British Foods has an average rating of Hold and a consensus target price of $43.00.

Shares of Associated British Foods (OTCMKTS ASBFY) traded down $0.08 during mid-day trading on Tuesday, reaching $38.41. The company’s stock had a trading volume of 11,128 shares, compared to its average volume of 63,831. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.65 and a quick ratio of 0.98. Associated British Foods has a 12 month low of $30.01 and a 12 month high of $45.22.

The firm also recently disclosed a None dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.352 per share. The ex-dividend date of this dividend is Thursday, December 14th.

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Associated British Foods Company Profile

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

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