ValuEngine Downgrades ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) to Sell

ValuEngine downgraded shares of ASSD BRIT FOODS/ADR (OTCMKTS:ASBFY) from a hold rating to a sell rating in a report published on Monday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut ASSD BRIT FOODS/ADR from a buy rating to a sell rating in a research note on Wednesday, January 22nd. Goldman Sachs Group upgraded ASSD BRIT FOODS/ADR from a neutral rating to a buy rating in a research report on Wednesday, November 6th.

ASBFY stock opened at $34.26 on Monday. ASSD BRIT FOODS/ADR has a 1-year low of $25.49 and a 1-year high of $35.49. The business has a fifty day moving average price of $34.46 and a 200-day moving average price of $31.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.05. The stock has a market capitalization of $27.61 billion, a P/E ratio of 20.15, a P/E/G ratio of 2.18 and a beta of 0.97.


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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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