Shore Capital Reiterates Buy Rating for Associated British Foods (LON:ABF)

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

Associated British Foods Stock Down 3.0 %

ABF opened at GBX 1,878.50 ($23.13) on Thursday. Associated British Foods has a one year low of GBX 1,873 ($23.06) and a one year high of GBX 2,770.66 ($34.11). The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The stock has a market capitalization of £13.82 billion, a P/E ratio of 1,211.94, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The business’s 50-day simple moving average is GBX 2,103.85 and its 200-day simple moving average is GBX 2,288.26.

Associated British Foods (LON:ABF) last released its earnings results on Tuesday, November 5th. The company reported GBX 196.90 ($2.42) EPS for the quarter. Associated British Foods had a return on equity of 10.69% and a net margin of 5.92%. Analysts anticipate that Associated British Foods will post 188.0990415 EPS for the current year.

Insider Buying and Selling at Associated British Foods

In other news, insider Loraine Woodhouse acquired 4,164 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of GBX 2,389 ($29.41) per share, for a total transaction of £99,477.96 ($122,464.56). Also, insider George G. Weston sold 56,653 shares of Associated British Foods stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.60), for a total value of £1,224,271.33 ($1,507,166.48). 58.08% of the stock is currently owned by corporate insiders.

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.