Shore Capital Reaffirms Buy Rating for Associated British Foods (LON:ABF)

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a report issued on Thursday, MarketBeat reports.

Associated British Foods Trading Up 0.3 %

Shares of ABF opened at GBX 1,884.50 ($23.53) on Thursday. The company’s fifty day moving average is GBX 2,096.77 and its 200 day moving average is GBX 2,284.22. Associated British Foods has a fifty-two week low of GBX 1,862 ($23.25) and a fifty-two week high of GBX 2,770.66 ($34.59). The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The stock has a market capitalization of £13.87 billion, a PE ratio of 1,215.81, a P/E/G ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.46) earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. Sell-side analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

Insider Activity at Associated British Foods

In other Associated British Foods news, insider George G. Weston sold 56,653 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.98), for a total transaction of £1,224,271.33 ($1,528,619.47). Also, insider Loraine Woodhouse acquired 4,164 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average cost of GBX 2,389 ($29.83) per share, for a total transaction of £99,477.96 ($124,207.72). 58.08% 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.