ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) Downgraded by ValuEngine

ValuEngine lowered shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a hold rating to a sell rating in a report issued on Tuesday morning, ValuEngine reports.

Several other equities research analysts have also recently commented on ASBFY. Goldman Sachs Group raised shares of ASSD BRIT FOODS/ADR from a neutral rating to a buy rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of ASSD BRIT FOODS/ADR from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Tuesday, December 3rd.

Shares of OTCMKTS:ASBFY opened at $32.74 on Tuesday. The company’s 50-day moving average price is $31.35 and its two-hundred day moving average price is $30.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.05. ASSD BRIT FOODS/ADR has a one year low of $25.49 and a one year high of $34.30.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.398 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. ASSD BRIT FOODS/ADR’s payout ratio is currently 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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