Associated British Foods’ (ABF) “Buy” Rating Reaffirmed at Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating restated by Shore Capital in a research report issued on Thursday, MarketBeat Ratings reports.

Associated British Foods Price Performance

Shares of ABF opened at GBX 2,447 ($30.46) on Thursday. The company has a current ratio of 1.83, a quick ratio of 0.93 and a debt-to-equity ratio of 33.25. The stock’s 50 day moving average is GBX 2,353.04 and its two-hundred day moving average is GBX 2,286.36. Associated British Foods has a twelve month low of GBX 1,804.50 ($22.46) and a twelve month high of GBX 2,536 ($31.57). The firm has a market capitalization of £18.44 billion, a PE ratio of 1,826.12, a P/E/G ratio of 1.37 and a beta of 1.24.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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.