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Numis upgraded Associated British Foods (OTCMKTS:ASBFY) from Hold to Add in a report released today.

Yesterday Associated British Foods (OTCMKTS:ASBFY) traded -2.00% lower at $35.92. The company’s 50-day moving average is $39.14 and its 200-day moving average is $42.15. The last stock close price is down -16.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 993 shares of the stock were exchanged, down from an average trading volume of 15,508

Numis has upgraded Associated British Foods (OTCMKTS:ASBFY) from Hold to Add in a report released on 9/23/2016.

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Associated British Foods (OTCMKTS:ASBFY)

Associated British Foods has a 52 week low of $31.11 and a 52 week high of $54.24 with a P/E ratio of 28.18 The company’s market cap is currently $0.

In addition to Numis reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is $51.00 with 0 firms rating the stock a strong buy, 0 firms 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.

About Associated British Foods (OTCMKTS: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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