Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $23.12 and last traded at $23.16, with a volume of 23838 shares traded. The stock had previously closed at $23.92.
Wall Street Analysts Forecast Growth
Separately, Citigroup downgraded shares of Associated British Foods from a "neutral" rating to a "sell" rating in a research note on Thursday, January 16th.
Get Our Latest Report on Associated British Foods
Associated British Foods Trading Down 3.2 %
The company has a 50 day moving average of $26.52 and a two-hundred day moving average of $29.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78.
Associated British Foods Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.9028 per share. This is a positive change from Associated British Foods's previous dividend of $0.21. The ex-dividend date of this dividend is Friday, December 13th.
About Associated British Foods
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Associated British Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Associated British Foods wasn't on the list.
While Associated British Foods currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
