Assd Brit FOODS/ADR (ASBFY) Receives Consensus Recommendation of “Buy” from Brokerages

Assd Brit FOODS/ADR (OTCMKTS:ASBFY) has received an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.00.

ASBFY has been the topic of a number of research reports. Berenberg Bank upgraded shares of Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Zacks Investment Research upgraded shares of Assd Brit FOODS/ADR from a “strong sell” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, October 23rd.

Shares of ASBFY stock traded down $0.34 during trading hours on Friday, reaching $31.36. 19,990 shares of the company were exchanged, compared to its average volume of 30,324. Assd Brit FOODS/ADR has a fifty-two week low of $29.00 and a fifty-two week high of $41.03. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.77 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 0.07.

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, January 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.394 per share. This is a positive change from Assd Brit FOODS/ADR’s previous Semi-Annual dividend of $0.14. The ex-dividend date is Thursday, December 13th. Assd Brit FOODS/ADR’s dividend payout ratio is presently 15.34%.

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, 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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