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 research analysts at Shore Capital Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 1,910 target price on the stock. Shore Capital Group’s price objective would suggest a potential upside of 4.66% from the company’s current price.

A number of other research analysts also recently weighed in on ABF. Citigroup dropped 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 note on Wednesday, September 23rd. Jefferies Financial Group reiterated 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. JPMorgan Chase & Co. decreased their price objective 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. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,050 target price on shares of Associated British Foods in a report on Friday, June 26th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Associated British Foods has an average rating of “Reduce” and an average target price of GBX 1,782.14.

Associated British Foods Price Performance

Shares of ABF opened at GBX 1,825 on Tuesday. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93. The company has a market capitalization of £12.74 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The business has a 50-day moving average of GBX 1,973.38 and a 200-day moving average of GBX 1,919.46.

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.