Associated British Foods (LON:ABF) Price Target Raised to GBX 2,250 at JPMorgan Chase & Co.

Associated British Foods (LON:ABF) had its price objective upped by JPMorgan Chase & Co. from GBX 2,000 ($25.12) to GBX 2,250 ($28.26) in a report released on Tuesday, Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 15.29% from the stock’s current price.

Separately, Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research report on Thursday, April 18th.

Associated British Foods Price Performance

Shares of LON ABF traded up GBX 2.14 ($0.03) during mid-day trading on Tuesday, reaching GBX 2,656.14 ($33.36). 1,356,184 shares of the company were exchanged, compared to its average volume of 816,666. The stock has a market capitalization of £20.01 billion, a PE ratio of 1,982.19, a PEG ratio of 1.37 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.83 and a debt-to-equity ratio of 33.25. Associated British Foods has a 52 week low of GBX 1,804.50 ($22.67) and a 52 week high of GBX 2,765 ($34.73). The company’s 50 day moving average price is GBX 2,398.62 and its 200 day moving average price is GBX 2,318.97.

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, Ingredients, Agriculture, Sugar, 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.