Zacks Investment Research Lowers ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) to Sell

Zacks Investment Research cut shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a hold rating to a sell rating in a research report sent to investors on Thursday, reports.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

Separately, Bank of America set a $152.00 price target on Caterpillar and gave the stock a buy rating in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $34.00.

Shares of ASSD BRIT FOODS/ADR stock opened at $29.58 on Thursday. The stock’s fifty day simple moving average is $31.44. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.83 and a beta of 0.97. ASSD BRIT FOODS/ADR has a 12 month low of $25.50 and a 12 month high of $35.01.


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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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