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Associated British Foods (ADR) (OTC:ASBFY) has been upgraded from Hold to Add in a statement by Numis Securities earlier today.

Having a price of $35.11, Associated British Foods (ADR) (OTC:ASBFY) traded -2.00% lower on the day. With the last stock price down -16.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ASBFY has recorded a 50-day average of $39.14 and a two hundred day average of $42.15. Trade Volume was down over the average, with 993 shares of ASBFY changing hands under the typical 15,508

Numis Securities has upgraded Associated British Foods (ADR) (OTC:ASBFY) from Hold to Add in a statement released on Friday September 23, 2016.

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Associated British Foods (ADR) (OTC:ASBFY)

Associated British Foods (ADR) has price-earnings ratio of 28.18 with a one year low of $31.11 and a one year high of $54.24 and has a total market value of $0.

A total of 1 equity analyst has released a ratings update on ASBFY. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $51.00.

Brief Synopsis About Associated British Foods (ADR) (OTC:ASBFY)

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. Grocery segment manufactures grocery products. Sugar segment grows and process of sugar beet and sugar cane for sale to industrial users and to Silver Spoon. Agriculture segment manufactures animal feeds and the provision of other products for the agriculture sector. Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts and cereal specialities. Retail segment buys and merchandise value clothing and accessories through the Primark and Penneys retail chains.

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