Associated British Foods (LON:ABF) Given “Hold” Rating at Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reiterated by Shore Capital Group in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 1,910 price objective on the stock. Shore Capital Group’s price target indicates a potential upside of 2.91% from the stock’s previous close.

A number of other analysts have also issued reports on the company. UBS Group reissued a “neutral” rating and issued a GBX 2,050 price target on shares of Associated British Foods in a research note on Friday, June 26th. Citigroup dropped their price objective on shares of Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a research note on Wednesday, September 23rd. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating on the stock in a research report on Friday, September 11th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Associated British Foods presently has an average rating of “Reduce” and an average price target of GBX 1,782.14.

Associated British Foods Trading Up 1.1%

LON ABF traded up GBX 21 during mid-day trading on Tuesday, reaching GBX 1,856. 536,543 shares of the stock were exchanged, compared to its average volume of 9,781,900. The stock has a market capitalization of £12.96 billion, a PE ratio of 13.93, a PEG ratio of 1.51 and a beta of 0.81. The company has a debt-to-equity ratio of 32.63, a quick ratio of 0.93 and a current ratio of 1.51. Associated British Foods has a 1-year low of GBX 1,729.45 and a 1-year high of GBX 2,359. The business’s fifty day simple moving average is GBX 1,962.77 and its 200 day simple moving average is GBX 1,920.17.

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.