Citigroup Downgrades Associated British Foods (OTCMKTS:ASBFY) to Sell

Citigroup lowered shares of Associated British Foods (OTCMKTS:ASBFY) from a neutral rating to a sell rating in a report released on Thursday morning, Marketbeat Ratings reports.

Associated British Foods Stock Down 0.3 %

Shares of OTCMKTS:ASBFY opened at $24.20 on Thursday. The business has a fifty day moving average of $26.98 and a 200-day moving average of $29.67. 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 has a twelve month low of $23.60 and a twelve month high of $35.26.

Associated British Foods Increases Dividend

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

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.