Zacks Investment Research upgraded shares of Associated British Foods plc (NASDAQ:ASBFY) from a sell rating to a hold rating in a report published on Tuesday morning.

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. “

A number of other analysts have also recently commented on the company. Deutsche Bank AG upgraded Associated British Foods plc from a hold rating to a buy rating in a research report on Monday, August 1st. Jefferies Group upgraded Associated British Foods plc from an underperform rating to a hold rating in a research report on Friday, October 21st. Numis Securities Ltd upgraded Associated British Foods plc from a hold rating to an add rating in a research report on Friday, September 23rd. RBC Capital Markets reiterated a sector perform rating on shares of Associated British Foods plc in a research report on Monday, August 1st. Finally, Kepler Capital Markets upgraded Associated British Foods plc from a reduce rating to a hold rating in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $49.00.

Shares of Associated British Foods plc (NASDAQ:ASBFY) opened at 32.345 on Tuesday. Associated British Foods plc has a one year low of $29.84 and a one year high of $54.24. The company has a 50-day moving average of $31.50 and a 200 day moving average of $36.91. The firm has a market cap of $25606.70 billion and a PE ratio of 28.151.

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About Associated British Foods plc

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

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