Assd Brit FOODS/ADR (ASBFY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Assd Brit FOODS/ADR (OTCMKTS:ASBFY) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company.
ASBFY has been the topic of several recent research reports. Zacks Investment Research lowered shares of Assd Brit FOODS/ADR from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. ValuEngine lowered shares of Assd Brit FOODS/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Royal Bank of Canada raised shares of Assd Brit FOODS/ADR to an “outperform” rating in a research note on Monday, June 18th. Finally, Goldman Sachs Group lowered shares of Assd Brit FOODS/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 23rd.
Assd Brit FOODS/ADR stock traded up $0.67 during mid-day trading on Monday, hitting $30.02. The company’s stock had a trading volume of 48,341 shares, compared to its average volume of 23,831. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.89 and a current ratio of 1.75. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. Assd Brit FOODS/ADR has a twelve month low of $29.00 and a twelve month high of $45.22.
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, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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