Associated British Foods (LON:ABF) Stock Rating Reaffirmed as “Hold” by Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reissued by Shore Capital Group in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 1,910 price target on the stock. Shore Capital Group’s price target points to a potential upside of 3.47% from the stock’s current price.

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

Associated British Foods Trading Up 0.6%

Shares of ABF opened at GBX 1,846 on Tuesday. 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 firm has a market cap of £12.89 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Associated British Foods has a fifty-two week low of GBX 1,729.45 and a fifty-two week high of GBX 2,359. The business has a 50-day moving average of GBX 1,962.77 and a 200 day moving average of GBX 1,920.17.

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.