Associated British Foods (OTCMKTS:ASBFY) Stock Rating Lowered by Citigroup

Associated British Foods (OTCMKTS:ASBFY) was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Thursday,Briefing.com Automated Import reports.

Associated British Foods Trading Up 1.4 %

Shares of OTCMKTS:ASBFY opened at $24.28 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $27.09 and a 200 day simple moving average of $29.71. Associated British Foods has a one year low of $23.60 and a one year high of $35.26.

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.