A number of other research analysts have also issued reports on ASBFY. HSBC Holdings plc reiterated a buy rating on shares of Associated British Foods plc in a research note on Sunday, January 15th. Zacks Investment Research lowered shares of Associated British Foods plc from a hold rating to a sell rating in a research report on Friday, January 6th. Finally, BNP Paribas lowered shares of Associated British Foods plc from a neutral rating to an underperform rating in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $49.00.
Shares of Associated British Foods plc (NASDAQ:ASBFY) traded up 0.95% during midday trading on Friday, hitting $32.85. 1,236 shares of the stock were exchanged. The firm has a market cap of $25.96 billion and a P/E ratio of 26.09. The stock’s 50 day moving average is $31.80 and its 200 day moving average is $33.13. Associated British Foods plc has a 12-month low of $29.84 and a 12-month high of $50.29.
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About Associated British Foods plc
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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