Associated British Foods (OTCMKTS:ASBFY) Downgraded by Citigroup to Sell

Citigroup downgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a neutral rating to a sell rating in a research report report published on Thursday morning, MarketBeat Ratings reports.

Associated British Foods Stock Performance

Shares of ASBFY opened at $24.58 on Thursday. Associated British Foods has a one year low of $23.60 and a one year high of $35.26. The stock has a 50-day moving average price of $26.78 and a 200 day moving average price of $29.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.9028 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Associated British Foods’s previous dividend of $0.21.

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, 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.