Associated British Foods’ (ABF) Buy Rating Reiterated at Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by equities researchers at Shore Capital in a research report issued to clients and investors on Wednesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft downgraded Associated British Foods to a “sell” rating and reduced their price objective for the stock from GBX 2,220 to GBX 2,130 in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Associated British Foods has a consensus rating of “Hold” and a consensus target price of GBX 2,215.

Associated British Foods Stock Down 10.7%

ABF stock opened at GBX 2,001 on Wednesday. The stock has a market capitalization of £14.24 billion, a P/E ratio of 1,128.60, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93. Associated British Foods has a 1-year low of GBX 1,818.87 and a 1-year high of GBX 2,440. The business has a fifty day moving average price of GBX 2,197.56 and a 200-day moving average price of GBX 2,080.26.

Insider Activity

In other 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 currently owned by corporate 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.