Time To “Hold” Associated British Foods (ASBFY), Societe Generale Confirms

Associated British Foods plc (OTCMKTS:ASBFY) Logo

How Societe Generale Currently Rates Associated British Foods (ASBFY)

Societe Generale has begun coverage on Associated British Foods (ASBFY) shares recently in a research report revealed to clients and investors on Tuesday morning. The company has decided to place a “Hold” rating on ASBFY stock.

The stock decreased 1.50% or $0.41 during the last trading session, reaching $26.97. About 119,297 shares traded or 247.07% up from the average. Associated British Foods plc (ASBFY) has 0.00% since December 12, 2017 and is . It has by 0.00% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of $21.07 billion. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 16 P/E ratio. The Grocery segment makes 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.

More notable recent Associated British Foods plc (OTCMKTS:ASBFY) news were published by: Seekingalpha.com which released: “Associated British Foods Plc ADR 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on November 06, 2018, also Seekingalpha.com with their article: “Associated British Foods plc ADR 2017 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on April 19, 2017, Seekingalpha.com published: “Associated British Foods A Cautious Buy – Seeking Alpha” on November 13, 2018. More interesting news about Associated British Foods plc (OTCMKTS:ASBFY) were released by: Seekingalpha.com and their article: “Price Slump Of Associated British Foods Is Signal To Buy – Seeking Alpha” published on August 10, 2018 as well as Seekingalpha.com‘s news article titled: “Associated British Foods: An Undercovered Gem – Seeking Alpha” with publication date: January 05, 2018.

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