Associated British Foods (OTCMKTS:ASBFY) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, March 7th, MarketBeat.com reports.
ASBFY has been the subject of a number of other research reports. Barclays upgraded Associated British Foods from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 16th. Zacks Investment Research upgraded Associated British Foods from a “sell” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, January 9th. Finally, Morgan Stanley lowered Associated British Foods from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $41.00.
Associated British Foods (OTCMKTS:ASBFY) traded down $0.34 during trading hours on Wednesday, reaching $35.71. The company had a trading volume of 5,786 shares, compared to its average volume of 9,619. Associated British Foods has a twelve month low of $30.74 and a twelve month high of $45.22. The company has a quick ratio of 0.98, a current ratio of 1.65 and a debt-to-equity ratio of 0.07.
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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