Associated British Foods (LON:ABF) Earns Hold Rating from 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 report issued on Tuesday, Digital Look reports. They presently have a GBX 1,910 price target on the stock. Shore Capital Group’s price objective points to a potential upside of 4.09% from the company’s previous close.

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

Associated British Foods Price Performance

Shares of LON:ABF opened at GBX 1,835 on Tuesday. The company has a market cap of £12.81 billion, a P/E ratio of 13.77, a PEG ratio of 1.51 and a beta of 0.81. The company has a 50-day moving average price of GBX 1,962.77 and a 200 day moving average price 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. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63.

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.