Numis Securities Ltd upgraded Associated British Foods plc (ADR) (NASDAQ:ASBFY) to Add in a statement released earlier today.
- Updated: September 23, 2016
Having a price of $35.20, Associated British Foods plc (ADR) (NASDAQ: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 S&P 500 Index which has decreased -0.01% over the date range. Associated British Foods plc (ADR) has recorded a 50-day average of $39.14 and a two hundred day average of $42.15. Volume of trade was down over the average, with 993 shares of ASBFY changing hands under the typical 15,508
Numis Securities Ltd has upgraded Associated British Foods plc (ADR) (NASDAQ:ASBFY) to Add in a statement released on 9/23/2016.
With a total market value of $0, Associated British Foods plc (ADR) has price-earnings ratio of 28.18 with a one year low of $31.11 and a one year high of $54.24 .
A total of 1 broker has issued a research note on the company. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $51.00.
Brief Synopsis On Associated British Foods plc (ADR) (NASDAQ: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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