Shore Capital Reiterates Buy Rating for Associated British Foods (LON:ABF)

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

Separately, Deutsche Bank Aktiengesellschaft downgraded Associated British Foods to a “sell” rating and dropped their price objective for the company from GBX 2,220 to GBX 2,130 in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Associated British Foods presently has an average rating of “Hold” and a consensus price target of GBX 2,215.

Associated British Foods Price Performance

Associated British Foods stock opened at GBX 1,935 on Wednesday. Associated British Foods has a 12 month low of GBX 1,818.87 and a 12 month high of GBX 2,440. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88. The business’s 50 day simple moving average is GBX 2,192.67 and its 200 day simple moving average is GBX 2,079.50. The company has a market cap of £13.77 billion, a price-to-earnings ratio of 1,091.37, a PEG ratio of 1.51 and a beta of 1.24.

Insider Transactions at Associated British Foods

In other Associated British Foods news, insider Eoin Tonge sold 16,741 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 2,070, for a total transaction of £346,538.70. 1.49% of the stock is owned by insiders.

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.