Associated British Foods (LON:ABF) Price Target Raised to GBX 1,830

Associated British Foods (LON:ABF) had its target price increased by Citigroup from GBX 1,770 to GBX 1,830 in a research note released on Monday morning, MarketBeat Ratings reports. They currently have a sell rating on the stock.

Several other brokerages have also recently weighed in on ABF. Deutsche Bank Aktiengesellschaft raised shares of Associated British Foods to a “hold” rating and dropped their price target for the company from GBX 2,130 to GBX 2,000 in a research report on Wednesday, September 24th. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Associated British Foods presently has an average rating of “Hold” and an average target price of GBX 2,043.33.

Associated British Foods Stock Performance

LON:ABF opened at GBX 2,276 on Monday. The business has a 50 day moving average of GBX 2,139.32 and a 200 day moving average of GBX 2,115.09. The company has a market capitalization of £16.19 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.51 and a beta of 1.24. Associated British Foods has a 1-year low of GBX 1,818.87 and a 1-year high of GBX 2,440. The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93.

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.