Associated British Foods (OTCMKTS:ASBFY - Get Free Report) was downgraded by Royal Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.
Separately, Citigroup downgraded Associated British Foods from a "neutral" rating to a "sell" rating in a report on Thursday, January 16th.
View Our Latest Research Report on Associated British Foods
Associated British Foods Stock Up 0.6%
ASBFY stock opened at $28.14 on Wednesday. Associated British Foods has a twelve month low of $22.69 and a twelve month high of $34.99. The business has a 50 day simple moving average of $26.75 and a 200-day simple moving average of $26.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98.
About Associated British Foods
(
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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.
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