Citigroup Confirms Sell Rating for Associated British Foods plc - Depositary Receipt (ASBFY)

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Nov 12 2025

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Source: NASDAQ.COM

Citigroup's Recommendation: On November 10, 2025, Citigroup reiterated a "Sell" recommendation for Associated British Foods plc - Depositary Receipt (OTCPK:ASBFY), with an average one-year price target of $29.62/share, indicating an 8.22% downside from its latest closing price of $32.27/share.
Projected Revenue and EPS: The projected annual revenue for Associated British Foods plc is $19,966 million, reflecting a 2.61% increase, while the projected annual non-GAAP EPS is 1.40.
Fund Sentiment: There has been a 28.57% increase in the number of funds reporting positions in Associated British Foods plc, with total shares owned by institutions rising by 15.88% to 18,000 shares over the last three months.
Shareholder Activity: Various funds have adjusted their holdings in ASBFY, with some increasing their shares significantly, such as APIE - ActivePassive International Equity ETF, which raised its allocation by 16.28%.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.