Associated British Foods (OTCMKTS:ASBFY)‘s stock had its “buy” rating reiterated by equities research analysts at UBS Group in a research report issued to clients and investors on Thursday, The Fly reports.
Other analysts have also issued research reports about the stock. Redburn Partners lowered shares of Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 3rd. Zacks Investment Research raised shares of Associated British Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, January 5th. Grupo Santander raised Associated British Foods from a “hold” rating to a “buy” rating in a report on Tuesday, February 23rd. Barclays restated an “overweight” rating on shares of Associated British Foods in a research note on Friday, February 26th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Associated British Foods in a research report on Thursday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Associated British Foods currently has an average rating of “Buy” and a consensus price target of $25.00.
OTCMKTS ASBFY traded up $0.20 on Thursday, reaching $34.05. The company had a trading volume of 8,326 shares, compared to its average volume of 8,899. The stock has a market capitalization of $26.95 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.52 and a beta of 1.39. The company’s fifty day moving average is $33.44 and its 200 day moving average is $29.08. Associated British Foods has a 52-week low of $19.62 and a 52-week high of $35.00. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 0.39.
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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