ASSD BRIT FOODS/ADR (ASBFY) Given Consensus Rating of “Hold” by Brokerages

Shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company.

ASBFY has been the subject of several research reports. Bank of America reaffirmed a “buy” rating on shares of ASSD BRIT FOODS/ADR in a research report on Thursday, April 4th. Zacks Investment Research raised ASSD BRIT FOODS/ADR from a “sell” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, March 6th.

OTCMKTS ASBFY traded up $0.14 during trading on Friday, hitting $32.16. The stock had a trading volume of 13,495 shares, compared to its average volume of 44,763. The company has a market cap of $25.46 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.02 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 0.95. ASSD BRIT FOODS/ADR has a twelve month low of $25.50 and a twelve month high of $38.20.

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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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