Associated British Foods (LON:ABF) Rating Reiterated by Morgan Stanley

Associated British Foods (LON:ABFGet Rating)‘s stock had its “equal weight” rating reissued by investment analysts at Morgan Stanley in a research note issued on Tuesday, Digital Look reports.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 2,100 ($26.77) price target on shares of Associated British Foods in a research note on Monday, April 11th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,600 ($33.14) price target on shares of Associated British Foods in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,300 ($29.31) price target on shares of Associated British Foods in a research note on Tuesday, March 1st. Barclays cut their price target on shares of Associated British Foods from GBX 2,700 ($34.41) to GBX 2,500 ($31.86) and set an “overweight” rating on the stock in a research note on Wednesday, April 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 2,478.33 ($31.59).

Associated British Foods stock opened at GBX 1,566 ($19.96) on Tuesday. The company’s 50 day simple moving average is GBX 1,729.40 and its 200 day simple moving average is GBX 1,869.93. Associated British Foods has a fifty-two week low of GBX 1,462.50 ($18.64) and a fifty-two week high of GBX 2,389 ($30.45). The firm has a market capitalization of £12.40 billion and a price-to-earnings ratio of 25.88. The company has a debt-to-equity ratio of 36.86, a current ratio of 1.86 and a quick ratio of 1.09.

About Associated British Foods (Get Rating)

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Associated British Foods (LON:ABF)

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