Assd Brit FOODS/ADR (OTCMKTS:ASBFY) declared a Semi-Annual dividend on Thursday, November 8th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.394 per share on Monday, January 28th. The ex-dividend date is Thursday, December 13th. This is a positive change from Assd Brit FOODS/ADR’s previous Semi-Annual dividend of $0.14.
ASBFY traded down $1.79 during trading on Friday, hitting $28.82. 21,952 shares of the company traded hands, compared to its average volume of 27,370. The firm has a market cap of $24.23 billion, a P/E ratio of 16.38, a PEG ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.89 and a current ratio of 1.75. Assd Brit FOODS/ADR has a one year low of $28.60 and a one year high of $41.03.
A number of equities analysts have weighed in on ASBFY shares. Zacks Investment Research upgraded shares of Assd Brit FOODS/ADR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Berenberg Bank upgraded shares of Assd Brit FOODS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.00.
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.
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