Associated British Foods plc (ASBFY) Upgraded by Goldman Sachs Group Inc to “Buy”

Associated British Foods plc (OTC:ASBFY) was upgraded by stock analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating in a research report issued on Monday, StockTargetPrices.com reports.

Several other brokerages also recently issued reports on ASBFY. Numis Securities Ltd downgraded Associated British Foods plc from an “add” rating to a “hold” rating in a research report on Friday. BNP Paribas downgraded Associated British Foods plc from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 26th.

Associated British Foods plc (OTC:ASBFY) traded up 0.95% during trading on Monday, hitting $32.85. The stock had a trading volume of 1,187 shares. The company has a market cap of $25.96 billion, a PE ratio of 26.09 and a beta of 1.24. Associated British Foods plc has a 52 week low of $29.84 and a 52 week high of $50.29. The stock has a 50-day moving average price of $31.80 and a 200-day moving average price of $33.13.

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Associated British Foods plc Company Profile

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

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