Associated British Foods (ASBFY) Share Price May Be About to Change Direction; UBS Upgrades The Company.

May 8, 2018 - By Vivian Currie

Associated British Foods plc (OTCMKTS:ASBFY) Logo

Associated British Foods (ASBFY) Stock Upgrade

In a report revealed to investors and clients today, UBS upgraded shares of Associated British Foods (ASBFY) to a solid Buy rating from their previous Neutral rating.

The stock decreased 0.04% or $0.01 during the last trading session, reaching $37.15. About 8,717 shares traded. Associated British Foods plc (ASBFY) has 0.00% since May 9, 2017 and is . It has underperformed by 11.55% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of $28.88 billion. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.49 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, and meat products to retail, wholesale, and foodservice businesses.

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