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

Associated British Foods (LON:ABF)‘s stock had its “hold” rating restated 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 target price suggests a potential upside of 4.54% from the stock’s current price.

A number of other equities analysts also recently issued reports on ABF. 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. UBS Group reissued a “neutral” rating and set a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Citigroup lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Associated British Foods currently has a consensus rating of “Reduce” and a consensus target price of GBX 1,782.14.

Associated British Foods Price Performance

Associated British Foods stock opened at GBX 1,827 on Tuesday. The company has a market cap of £12.76 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,359. The business has a fifty day moving average of GBX 1,973.38 and a two-hundred day moving average of GBX 1,919.46. The company has a debt-to-equity ratio of 32.63, a quick ratio of 0.93 and a current ratio of 1.51.

About Associated British Foods

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.