Jefferies Financial Group Analysts Lower Earnings Estimates for Assd Brit FOODS/ADR (ASBFY)

Assd Brit FOODS/ADR (OTCMKTS:ASBFY) – Equities researchers at Jefferies Financial Group cut their FY2019 EPS estimates for shares of Assd Brit FOODS/ADR in a report released on Tuesday, November 6th. Jefferies Financial Group analyst J. Grzinic now forecasts that the company will post earnings per share of $1.77 for the year, down from their previous estimate of $1.80. Jefferies Financial Group also issued estimates for Assd Brit FOODS/ADR’s FY2020 earnings at $1.97 EPS.

Several other research firms also recently weighed in on ASBFY. Zacks Investment Research upgraded Assd Brit FOODS/ADR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Berenberg Bank upgraded Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, ValuEngine downgraded Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.00.

Shares of ASBFY opened at $34.40 on Friday. 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 one year low of $29.00 and a one year high of $41.44.

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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Earnings History and Estimates for Assd Brit FOODS/ADR (OTCMKTS:ASBFY)

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