Associated British Foods (OTCMKTS:ASBFY) Downgraded to “Sell” Rating by Citigroup

Citigroup lowered shares of Associated British Foods (OTCMKTS:ASBFY) from a neutral rating to a sell rating in a research report released on Thursday, Marketbeat Ratings reports.

Associated British Foods Trading Down 0.3 %

Shares of OTCMKTS:ASBFY opened at $24.20 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. Associated British Foods has a 1-year low of $23.60 and a 1-year high of $35.26. The business’s 50 day moving average is $26.98 and its 200-day moving average is $29.67.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.9028 per share. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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.