Associated British Foods (LON:ABF) Earns Hold Rating from Shore Capital Group

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

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

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at GBX 1,835 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. The company 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. The business has a 50 day moving average of GBX 1,962.77 and a 200 day moving average of GBX 1,919.18. Associated British Foods has a 52 week low of GBX 1,729.45 and a 52 week high of GBX 2,359.

Associated British Foods Company Profile

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.