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Kepler Cheuvreux upgraded Associated British Foods (ADR) (OTC:ASBFY) from Hold to Buy in a report released today.

Kepler Cheuvreux has upgraded Associated British Foods (ADR) (OTC:ASBFY) from Hold to Buy in a report released on 07/07/2017.

Just yesterday Associated British Foods (ADR) (OTC:ASBFY) traded -2.13% lower at $38.81. Associated British Foods (ADR)’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. The last closing price is up 0.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 44,518 shares of ASBFY traded hands, up from an average trading volume of 0

Recent Performance Chart

Associated British Foods (ADR) (OTC:ASBFY)

Associated British Foods (ADR) has 52 week low of $29.84 and a 52 week high of $43.21 and has a market capitalization of $0.

In addition to Kepler Cheuvreux reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $51.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

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

Associated British Foods plc is an international food, ingredients and retail company. The Company's segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses. The sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The agriculture segment manufactures animal feeds and the provision of other products and services for the agriculture sector. The ingredients segment manufactures bakers yeast, bakery ingredients and enzymes, among others. The retail segment buys and merchandises value clothing and accessories through the Primark and Penneys retail chains.

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