Associated British Foods (LON:ABF) Given Buy Rating at Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research note issued to investors on Monday,Digital Look reports.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,300 ($29.74) price target on shares of Associated British Foods in a research report on Tuesday, January 28th.

Associated British Foods Stock Performance

Shares of ABF stock traded down GBX 25.50 ($0.33) during trading hours on Monday, hitting GBX 1,915 ($24.76). The company’s stock had a trading volume of 3,958,527 shares, compared to its average volume of 5,143,938. The stock has a market cap of £13.81 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. Associated British Foods has a 12-month low of GBX 1,818.87 ($23.52) and a 12-month high of GBX 2,770.66 ($35.82). The company has a 50 day moving average of GBX 1,898.64 and a 200 day moving average of GBX 2,096.09. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88.

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.