Associated British Foods plc (OTCMKTS:ASBFY) Receives $35.00 Consensus Target Price from Analysts

Shares of Associated British Foods plc (OTCMKTS:ASBFY) have received an average rating of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

ASBFY has been the topic of a number of recent research reports. BNP Paribas upgraded Associated British Foods from a “neutral” rating to an “outperform” rating in a research note on Monday, June 28th. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a research note on Friday, July 2nd. Zacks Investment Research upgraded Associated British Foods from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, July 7th. Finally, Barclays restated an “overweight” rating on shares of Associated British Foods in a research note on Friday, July 2nd.

Shares of OTCMKTS ASBFY traded up $1.14 during trading hours on Friday, reaching $28.76. 16,058 shares of the stock were exchanged, compared to its average volume of 13,410. The company has a current ratio of 1.97, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. Associated British Foods has a 52 week low of $21.05 and a 52 week high of $35.00. The company’s fifty day simple moving average is $31.83.

The business also recently disclosed a dividend, which will be paid on Friday, July 23rd. Shareholders of record on Friday, June 4th will be paid a dividend of $0.0864 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a yield of 0.26%. Associated British Foods’s dividend payout ratio (DPR) is presently 6.67%.

About Associated British Foods

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.

Featured Story: What are economic reports?

Analyst Recommendations for Associated British Foods (OTCMKTS:ASBFY)

Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.