Assd Brit FOODS/ADR (ASBFY) Receives Consensus Rating of “Buy” from Brokerages

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Shares of Assd Brit FOODS/ADR (OTCMKTS:ASBFY) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company.

Several analysts have recently issued reports on ASBFY shares. Morgan Stanley raised shares of Assd Brit FOODS/ADR to an “overweight” rating in a research note on Wednesday, March 28th. Zacks Investment Research cut shares of Assd Brit FOODS/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Goldman Sachs Group raised shares of Assd Brit FOODS/ADR from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 7th. UBS Group raised shares of Assd Brit FOODS/ADR from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 8th. Finally, Royal Bank of Canada raised shares of Assd Brit FOODS/ADR to an “outperform” rating in a research note on Monday, June 18th.

Shares of Assd Brit FOODS/ADR opened at $36.41 on Wednesday, according to MarketBeat Ratings. Assd Brit FOODS/ADR has a 52-week low of $33.87 and a 52-week high of $45.22. The firm has a market cap of $28.83 billion, a PE ratio of 21.93, a P/E/G ratio of 2.08 and a beta of 1.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.75 and a quick ratio of 0.89.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 8th will be paid a dividend of $0.138 per share. The ex-dividend date is Thursday, June 7th. Assd Brit FOODS/ADR’s dividend payout ratio is presently 16.87%.

About Assd Brit FOODS/ADR

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.

Analyst Recommendations for Assd Brit FOODS/ADR (OTCMKTS:ASBFY)

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