Assd Brit FOODS/ADR (ASBFY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Assd Brit FOODS/ADR (OTCMKTS:ASBFY) have been given an average rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on ASBFY shares. Zacks Investment Research raised Assd Brit FOODS/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. Royal Bank of Canada raised Assd Brit FOODS/ADR to an “outperform” rating in a report on Monday, June 18th. ValuEngine cut Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, Goldman Sachs Group cut Assd Brit FOODS/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, May 23rd.

Shares of ASBFY traded up $0.67 during mid-day trading on Monday, reaching $30.02. 48,341 shares of the company’s stock traded hands, compared to its average volume of 23,831. The stock has a market cap of $23.23 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 0.07. Assd Brit FOODS/ADR has a 12 month low of $29.00 and a 12 month high of $45.22.

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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