ASBFY has been the subject of a number of other reports. Berenberg Bank lowered shares of Associated British Foods PLC from a buy rating to a hold rating in a research note on Wednesday, August 31st. Morgan Stanley lowered shares of Associated British Foods PLC from an overweight rating to an equal weight rating in a research note on Thursday, June 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Associated British Foods PLC presently has a consensus rating of Hold and an average target price of $49.00.
Shares of Associated British Foods PLC (OTCMKTS:ASBFY) opened at 34.25 on Friday. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 27.80 and a beta of 0.95. The stock has a 50 day moving average of $38.67 and a 200-day moving average of $41.72. Associated British Foods PLC has a 52 week low of $31.11 and a 52 week high of $54.24.
About Associated British Foods PLC
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.
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