Associated British Foods’ (ABF) “Hold” Rating Reaffirmed at Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reiterated by equities researchers at Shore Capital Group in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 1,910 price objective on the stock. Shore Capital Group’s target price would indicate a potential upside of 4.09% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,050 price target on shares of Associated British Foods in a report on Friday, June 26th. Citigroup reduced their target price on shares of Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a report on Friday, September 11th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 1,782.14.

Associated British Foods Trading Up 0.1%

Associated British Foods stock traded up GBX 1 during mid-day trading on Tuesday, hitting GBX 1,835. The company’s stock had a trading volume of 638,903 shares, compared to its average volume of 9,829,070. The company has a 50 day moving average of GBX 1,968.17 and a 200-day moving average of GBX 1,919.77. The company has a debt-to-equity ratio of 32.63, a quick ratio of 0.93 and a current ratio of 1.51. The stock has a market cap of £12.81 billion, a PE ratio of 13.77, a P/E/G ratio of 1.51 and a beta of 0.81. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,359.

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. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.

Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.