Zacks Investment Research upgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a hold rating to a buy rating in a report released on Thursday morning, Zacks.com reports. They currently have $37.00 price objective on the stock.
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. “
Several other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of ASSD BRIT FOODS/ADR from a hold rating to a sell rating in a research note on Tuesday. Goldman Sachs Group raised shares of ASSD BRIT FOODS/ADR from a neutral rating to a buy rating in a research note on Wednesday, November 6th.
The company also recently announced a Semi-Annual dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be paid a $0.398 dividend. This is an increase from ASSD BRIT FOODS/ADR’s previous Semi-Annual dividend of $0.39. The ex-dividend date is Thursday, December 12th. ASSD BRIT FOODS/ADR’s payout ratio is presently 15.29%.
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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