ASSD BRIT FOODS/ADR (ASBFY) Raised to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a sell rating to a hold rating in a report published on Monday.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

Separately, Societe Generale began coverage on shares of ASSD BRIT FOODS/ADR in a research note on Tuesday, December 11th. They set a hold rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $34.00.

ASBFY stock opened at $29.73 on Monday. ASSD BRIT FOODS/ADR has a 12 month low of $25.50 and a 12 month high of $39.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 0.95. The stock has a market cap of $23.73 billion, a P/E ratio of 16.89, a PEG ratio of 2.69 and a beta of 1.10.


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.

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