Associated British Foods plc (OTCMKTS:ASBFY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Posted by on Aug 6th, 2023

Shares of Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1,900.00.

Several research firms have recently commented on ASBFY. Royal Bank of Canada upgraded shares of Associated British Foods from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 16th. Liberum Capital upgraded shares of Associated British Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Sanford C. Bernstein began coverage on shares of Associated British Foods in a research report on Thursday, June 15th. They issued an “outperform” rating on the stock.

Associated British Foods Stock Up 0.2 %

OTCMKTS ASBFY opened at $25.40 on Friday. Associated British Foods has a 52-week low of $13.50 and a 52-week high of $27.71. The firm has a 50-day moving average price of $25.19 and a 200 day moving average price of $24.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.89 and a quick ratio of 0.92.

Associated British Foods Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, June 2nd were paid a $0.1408 dividend. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, June 1st.

Associated British Foods Company Profile

(Get Free Report

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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Analyst Recommendations for Associated British Foods (OTCMKTS:ASBFY)

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