Shares of Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.08 and traded as low as $23.62. Associated British Foods shares last traded at $24.18, with a volume of 16,710 shares changing hands.
Wall Street Analyst Weigh In
Separately, Citigroup downgraded shares of Associated British Foods from a “neutral” rating to a “sell” rating in a research report on Thursday, January 16th.
Check Out Our Latest Report on Associated British Foods
Associated British Foods Trading Up 1.3 %
About Associated British Foods
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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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