Liberum Capital Reaffirms Buy Rating for Associated British Foods (ABF)
Associated British Foods (LON:ABF)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued research reports about the company. Kepler Capital Markets restated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 24th. Shore Capital restated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 17th. UBS Group restated a “buy” rating on shares of Associated British Foods in a research note on Friday, January 11th. HSBC restated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 10th. Finally, Jefferies Financial Group decreased their target price on Associated British Foods from GBX 3,200 ($41.81) to GBX 2,800 ($36.59) and set a “buy” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,889.33 ($37.75).
ABF stock opened at GBX 2,515.67 ($32.87) on Thursday. The company has a market cap of $19.80 billion and a P/E ratio of 19.73. Associated British Foods has a fifty-two week low of GBX 2,011 ($26.28) and a fifty-two week high of GBX 2,846 ($37.19). The company has a debt-to-equity ratio of 8.37, a current ratio of 1.63 and a quick ratio of 0.83.
Associated British Foods Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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