Associated British Foods (LON:ABF) Given Equal Weight Rating at Morgan Stanley

Associated British Foods (LON:ABFGet Rating)‘s stock had its “equal weight” rating reissued by research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, Marketbeat reports.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their target price on shares of Associated British Foods from GBX 2,700 ($33.29) to GBX 2,500 ($30.82) and set an “overweight” rating for the company in a research note on Wednesday, April 6th. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a research note on Thursday, May 5th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,600 ($32.06) price target on shares of Associated British Foods in a research note on Thursday, January 20th. Royal Bank of Canada decreased their price target on shares of Associated British Foods from GBX 2,100 ($25.89) to GBX 1,850 ($22.81) and set a “sector perform” rating for the company in a research note on Tuesday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,300 ($28.36) price target on shares of Associated British Foods in a research note on Tuesday, March 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Associated British Foods presently has a consensus rating of “Buy” and a consensus target price of GBX 2,436.67 ($30.04).

Shares of LON ABF opened at GBX 1,615.21 ($19.91) on Wednesday. Associated British Foods has a twelve month low of GBX 1,462.50 ($18.03) and a twelve month high of GBX 2,389 ($29.45). The firm has a fifty day simple moving average of GBX 1,661.93 and a 200 day simple moving average of GBX 1,851.29. The company has a market capitalization of £12.79 billion and a PE ratio of 16.11. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 37.25.

In other Associated British Foods news, insider Graham Allan acquired 2,200 shares of Associated British Foods stock in a transaction dated Tuesday, April 26th. The stock was purchased at an average cost of GBX 1,560 ($19.23) per share, for a total transaction of £34,320 ($42,312.91).

Associated British Foods Company Profile (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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