Associated British Foods (OTCMKTS:ASBFY) Upgraded to Buy at UBS

UBS upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a neutral rating to a buy rating in a report issued on Tuesday, May 8th, 99wallstreet.com reports.

A number of other brokerages have also commented on ASBFY. Barclays upgraded Associated British Foods from an equal weight rating to an overweight rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded Associated British Foods from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Tuesday, February 6th. Morgan Stanley upgraded Associated British Foods to an overweight rating in a report on Wednesday, March 28th. Finally, Goldman Sachs raised Associated British Foods from a neutral rating to a buy rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Associated British Foods currently has an average rating of Buy and a consensus price target of $40.00.

Associated British Foods opened at $37.50 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.65 and a quick ratio of 0.98. Associated British Foods has a one year low of $33.87 and a one year high of $45.22.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 8th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, June 7th. Associated British Foods’s dividend payout ratio (DPR) is currently 29.52%.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures 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.

Analyst Recommendations for Associated British Foods (OTCMKTS:ASBFY)

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