It’s been a crucial week for Associated British Foods plc (OTCMKTS:ASBFY); here’s what analysts have to say.

January 18, 2018 - By Henry Gaston

 It's been a crucial week for Associated British Foods plc (OTCMKTS:ASBFY); here's what analysts have to say.

Associated British Foods plc (OTCMKTS:ASBFY) Ratings Coverage

Among 6 analysts covering Associated British Foods (OTCMKTS:ASBFY), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Associated British Foods had 8 analyst reports since September 13, 2016 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, November 9 by Kepler Cheuvreux. Jefferies downgraded the stock to “Underperform” rating in Tuesday, September 13 report. Jefferies upgraded Associated British Foods plc (OTCMKTS:ASBFY) on Friday, October 21 to “Hold” rating. Goldman Sachs downgraded Associated British Foods plc (OTCMKTS:ASBFY) on Tuesday, November 7 to “Hold” rating. The firm has “Add” rating by Numis Securities given on Friday, September 23. BNP Paribas downgraded Associated British Foods plc (OTCMKTS:ASBFY) on Thursday, January 26 to “Underperform” rating. The firm earned “Buy” rating on Friday, November 11 by Societe Generale. The firm earned “Add” rating on Thursday, January 12 by Numis Securities. Below is a list of Associated British Foods plc (OTCMKTS:ASBFY) latest ratings and price target changes.

07/11/2017 Broker: Goldman Sachs Rating: Hold Downgrade

The stock decreased 3.21% or $1.275 during the last trading session, reaching $38.395. About 7,431 shares traded. Associated British Foods plc (OTCMKTS:ASBFY) has 0.00% since January 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of $29.48 billion. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 18.44 P/E ratio. The Grocery segment makes and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses.

More notable recent Associated British Foods plc (OTCMKTS:ASBFY) news were published by: Marketwatch.com which released: “UK stocks end sharply lower as BOE warns rate hike is coming” on September 14, 2017, also Marketwatch.com with their article: “UK stocks edge higher as fears over Irma, North Korea ease” published on September 11, 2017, Marketwatch.com published: “Pound’s Brexit-driven slump sets UK companies up for an M&A wave” on July 18, 2016. More interesting news about Associated British Foods plc (OTCMKTS:ASBFY) were released by: Marketwatch.com and their article: “UK retailer Primark comes to Boston but won’t go online” published on September 10, 2015 as well as Marketwatch.com‘s news article titled: “FTSE 100 ekes out 13th straight day of wins” with publication date: January 12, 2017.

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