Associated British Foods (LON:ABF) Earns “Hold” Rating from Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reiterated by equities research analysts at Shore Capital Group in a note issued to investors on Friday,Digital Look reports.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Associated British Foods from GBX 2,095 to GBX 1,940 and set a “neutral” rating on the stock in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Associated British Foods from GBX 2,100 to GBX 1,925 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Royal Bank Of Canada cut shares of Associated British Foods to an “underperform” rating and reduced their price objective for the company from GBX 2,050 to GBX 1,850 in a research report on Monday, April 13th. Citigroup reduced their price target on shares of Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,650 price target on shares of Associated British Foods in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 1,793.

Associated British Foods Trading Up 1.6%

Associated British Foods stock opened at GBX 1,876 on Friday. The stock has a market cap of £13.19 billion, a P/E ratio of 13.25, a PEG ratio of 1.51 and a beta of 0.84. The company has a debt-to-equity ratio of 33.33, a current ratio of 1.54 and a quick ratio of 0.93. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The firm’s 50 day moving average price is GBX 1,892.02 and its 200-day moving average price is GBX 2,024.23.

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.