Associated British Foods (LON:ABF) Given “Buy” Rating at Shore Capital

Shore Capital restated their buy rating on shares of Associated British Foods (LON:ABF) in a report published on Thursday, MarketBeat reports.

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

Associated British Foods Price Performance

Associated British Foods stock opened at GBX 1,971 on Thursday. The business’s 50 day simple moving average is GBX 2,183.92 and its 200 day simple moving average is GBX 2,082.53. 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 market cap of £14.02 billion, a price-to-earnings ratio of 1,111.68, a PEG ratio of 1.51 and a beta of 1.24. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88.

Insider Activity at Associated British Foods

In other news, insider Eoin Tonge sold 16,741 shares of Associated British Foods stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of GBX 2,070, for a total value 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.