ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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, Goldman Sachs Group upgraded ASSD BRIT FOODS/ADR from a neutral rating to a buy rating in a report on Wednesday, November 6th.

Shares of ASBFY stock opened at $33.20 on Monday. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.06 and a beta of 0.96. ASSD BRIT FOODS/ADR has a 52-week low of $25.49 and a 52-week high of $34.30. The company has a quick ratio of 1.05, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $30.78 and its 200 day moving average is $29.99.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.398 per share. This is a boost from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 12th. ASSD BRIT FOODS/ADR’s dividend payout ratio is 15.29%.

ASSD BRIT FOODS/ADR Company Profile

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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