Associated British Foods (LON:ABF) Stock Keeps Hold Rating at Shore Capital Group

Shore Capital Group reissued their hold rating on shares of Associated British Foods (LON:ABF) in a report released on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 1,910 price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a report 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 on the stock in a research note on Friday, September 11th. Citigroup dropped their price objective on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating on the stock in a report on Wednesday, September 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 2,050 target price on shares of Associated British Foods in a report on Friday, June 26th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of GBX 1,782.14.

Associated British Foods Price Performance

ABF opened at GBX 1,834 on Tuesday. The firm has a 50-day moving average price of GBX 1,978.84 and a 200-day moving average price of GBX 1,919.32. Associated British Foods has a twelve month low of GBX 1,729.45 and a twelve month high of GBX 2,359. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. The company has a market capitalization of £12.81 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.51 and a beta of 0.81.

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.