Analysts Set Assd Brit FOODS/ADR (ASBFY) PT at $34.00

Assd Brit FOODS/ADR (OTCMKTS:ASBFY) has been given a consensus rating of “Buy” by the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of research firms have recently issued reports on ASBFY. Zacks Investment Research upgraded Assd Brit FOODS/ADR from a “strong sell” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Tuesday, October 23rd. Berenberg Bank upgraded Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Finally, ValuEngine lowered Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st.

ASBFY stock opened at $32.48 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.75 and a quick ratio of 0.89. Assd Brit FOODS/ADR has a 1 year low of $29.00 and a 1 year high of $44.65.

About Assd Brit FOODS/ADR

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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