Associated British Foods (LON:ABF) Lowered to Underperform Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Associated British Foods (LON:ABF) to an underperform rating in a report published on Monday morning, MarketBeat.com reports. They currently have GBX 1,850 target price on the stock, down from their prior target price of GBX 2,050.

Several other research firms have also commented on ABF. Shore Capital Group reissued a “hold” rating on shares of Associated British Foods in a research report on Friday, March 27th. JPMorgan Chase & Co. reduced their price target on Associated British Foods from GBX 2,095 to GBX 1,940 and set a “neutral” rating for the company in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Associated British Foods from GBX 2,100 to GBX 1,925 and set a “hold” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research report on Friday, January 9th. Finally, Citigroup reduced their target price on Associated British Foods from GBX 1,830 to GBX 1,710 and set a “sell” rating on the stock in a research report on Monday, January 12th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of GBX 1,815.

Associated British Foods Trading Down 2.0%

ABF opened at GBX 1,882 on Monday. The firm has a market cap of £13.24 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.51 and a beta of 0.84. The company has a current ratio of 1.54, a quick ratio of 0.93 and a debt-to-equity ratio of 33.33. Associated British Foods has a 12 month low of GBX 1,729.45 and a 12 month high of GBX 2,359. The stock has a fifty day moving average price of GBX 1,895.88 and a 200-day moving average price of GBX 2,029.11.

Associated British Foods Company Profile

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. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.

Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.