Associated British Foods (LON:ABF) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a report released on Thursday, MarketBeat Ratings reports.

Associated British Foods Stock Down 0.5 %

Shares of LON:ABF opened at GBX 2,431.01 ($30.26) on Thursday. The company has a market capitalization of £18.32 billion, a price-to-earnings ratio of 1,822.39, a P/E/G ratio of 1.37 and a beta of 1.24. The company has a debt-to-equity ratio of 33.25, a current ratio of 1.83 and a quick ratio of 0.93. The business’s 50-day moving average is GBX 2,348.74 and its 200-day moving average is GBX 2,283.66. Associated British Foods has a 1 year low of GBX 1,804.50 ($22.46) and a 1 year high of GBX 2,536 ($31.57).

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.