Associated British Foods (ADR) (OTC:ASBFY) Change of Rating

In an analyst note made public on Monday morning, Goldman Sachs has increased Associated British Foods (ADR) (OTC:ASBFY) stock to “Buy”. ASBFY’s old rating was “Neutral”.

This rating upgrade is well-received by equity traders, as OTC:ASBFY is now trading 1.01% higher at $32.87 as of 8:02 AM New York time. Associated British Foods (ADR)’s stock is 0% over the past 200 days. It has underperformed the S&P 500, which has surged 13.29% over the same time period.

Associated British Foods (ADR) (OTC:ASBFY) Profile

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.

Associated British Foods (ADR) (OTC:ASBFY) traded up 1.01% on 20 March, hitting $32.87. A total of 8,095 shares of the company’s stock traded hands. This is down from average of 10,390 shares. Associated British Foods (ADR) has a 52 week low of $29.84 and a 52 week high of $50.29. The company has a market cap of $25.76 billion and a P/E ratio of 0.

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The post Equity Analysts at Goldman Sachs Upped Associated British Foods (ADR) (OTC:ASBFY) from “Neutral” to “Buy” Rating appeared first on Octafinance.