Associated British Foods (LON:ABF) Given “Buy” Rating at Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research report issued on Tuesday,London Stock Exchange reports.

Several other equities analysts also recently issued reports on ABF. Deutsche Bank Aktiengesellschaft upgraded Associated British Foods to a “hold” rating and cut their price objective for the company from GBX 2,130 to GBX 2,000 in a research report on Wednesday, September 24th. Citigroup boosted their target price on Associated British Foods from GBX 1,770 to GBX 1,830 and gave the stock a “sell” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 2,043.33.

Associated British Foods Stock Performance

Shares of LON:ABF traded down GBX 84.54 during trading on Tuesday, hitting GBX 2,195.46. 1,655,992 shares of the stock were exchanged, compared to its average volume of 3,580,193. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. The company has a market capitalization of £15.62 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. Associated British Foods has a 1-year low of GBX 1,818.87 and a 1-year high of GBX 2,440. The company’s fifty day simple moving average is GBX 2,137.99 and its 200-day simple moving average is GBX 2,133.26.

Associated British Foods (LON:ABF) last posted its earnings results on Tuesday, November 4th. The company reported GBX 174.90 EPS for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Sell-side analysts expect that Associated British Foods will post 188.0990415 EPS for the current fiscal year.

About Associated British Foods

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia.

Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money.