Zacks Research Upgrades Associated British Foods (OTCMKTS:ASBFY) to Hold

Associated British Foods (OTCMKTS:ASBFY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Associated British Foods Stock Performance

Shares of OTCMKTS ASBFY opened at $27.56 on Tuesday. Associated British Foods has a 1 year low of $23.36 and a 1 year high of $31.11. The company has a current ratio of 1.51, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $27.33 and its 200 day moving average is $25.97.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.