Associated British Foods’ (ABF) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a research note released on Monday, Marketbeat reports.

Separately, Royal Bank of Canada restated an “outperform” rating and issued a GBX 2,300 ($29.72) price objective on shares of Associated British Foods in a report on Tuesday, January 28th.

Associated British Foods Trading Down 1.6 %

ABF opened at GBX 1,910 ($24.68) on Monday. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88. The stock’s fifty day moving average is GBX 1,896.80 and its two-hundred day moving average is GBX 2,091.97. The company has a market capitalization of £13.77 billion, a P/E ratio of 9.73, a PEG ratio of 1.51 and a beta of 1.24. Associated British Foods has a 52 week low of GBX 1,818.87 ($23.50) and a 52 week high of GBX 2,770.66 ($35.80).

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.