Associated British Foods’ (ABF) Hold Rating Reiterated at Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reissued by equities researchers at Shore Capital Group in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 1,910 price target on the stock. Shore Capital Group’s target price suggests a potential upside of 4.14% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a GBX 2,050 target price on shares of Associated British Foods in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their price target on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a research report on Friday, September 11th. Citigroup cut their target price 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 report on Wednesday, September 23rd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a report on Wednesday, July 1st. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Associated British Foods presently has an average rating of “Reduce” and a consensus price target of GBX 1,782.14.

Associated British Foods Price Performance

ABF opened at GBX 1,834 on Tuesday. Associated British Foods has a fifty-two week low of GBX 1,729.45 and a fifty-two week high of GBX 2,359. The company’s 50-day moving average is GBX 1,978.84 and its 200 day moving average is GBX 1,919.32. The firm has a market capitalization of £12.81 billion, a P/E ratio of 13.76, a PEG ratio of 1.51 and a beta of 0.81. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93.

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.