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

Shore Capital reissued their buy rating on shares of Associated British Foods (LON:ABF) in a report issued on Tuesday morning, Marketbeat Ratings reports.

ABF has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised Associated British Foods to a “hold” rating and cut their price target for the stock from GBX 2,130 to GBX 2,000 in a report on Wednesday, September 24th. Citigroup raised their price target on Associated British Foods from GBX 1,770 to GBX 1,830 and gave the stock a “sell” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 2,043.33.

Associated British Foods Price Performance

Shares of LON ABF opened at GBX 2,195.46 on Tuesday. Associated British Foods has a twelve month low of GBX 1,818.87 and a twelve 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 company has a market capitalization of £15.62 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The business has a 50 day simple moving average of GBX 2,137.46 and a 200-day simple moving average of GBX 2,133.27.

Associated British Foods (LON:ABF) last issued its quarterly earnings results on Tuesday, November 4th. The company reported GBX 174.90 earnings per share for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. As a group, equities research analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current year.

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.