Liberum Capital Reaffirms Buy Rating for Associated British Foods (LON:ABF)
Liberum Capital reissued their buy rating on shares of Associated British Foods (LON:ABF) in a report published on Monday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently commented on ABF. Shore Capital reissued a buy rating on shares of Associated British Foods in a research report on Monday, March 16th. Goldman Sachs Group decreased their price target on shares of Associated British Foods from GBX 2,960 ($38.94) to GBX 2,530 ($33.28) and set a buy rating for the company in a research report on Wednesday, March 18th. Royal Bank of Canada reissued a sector performer rating and issued a GBX 2,700 ($35.52) price target on shares of Associated British Foods in a research report on Friday, March 6th. Credit Suisse Group decreased their price target on shares of Associated British Foods from GBX 2,800 ($36.83) to GBX 2,500 ($32.89) and set an outperform rating for the company in a research report on Monday, March 16th. Finally, Berenberg Bank cut shares of Associated British Foods to a hold rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 2,789.55 ($36.69).
Shares of ABF stock opened at GBX 1,852 ($24.36) on Monday. The company has a quick ratio of 0.91, a current ratio of 1.82 and a debt-to-equity ratio of 6.16. Associated British Foods has a 52 week low of GBX 1,554 ($20.44) and a 52 week high of GBX 2,730 ($35.91). The stock has a market capitalization of $12.73 billion and a PE ratio of 16.67. The firm has a 50 day moving average of GBX 2,277.73 and a two-hundred day moving average of GBX 2,400.99.
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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