Liberum Capital reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
ABF has been the subject of a number of other reports. UBS Group reiterated a buy rating on shares of Associated British Foods in a research report on Tuesday, March 17th. Berenberg Bank downgraded shares of Associated British Foods to a hold rating in a research report on Wednesday, February 26th. Barclays restated an overweight rating on shares of Associated British Foods in a research report on Friday, January 17th. Sanford C. Bernstein lowered their price objective on shares of Associated British Foods from GBX 3,125 ($41.11) to GBX 3,065 ($40.32) and set an outperform rating for the company in a research report on Thursday, February 27th. Finally, Credit Suisse Group lowered their price objective on shares of Associated British Foods from GBX 2,800 ($36.83) to GBX 2,500 ($32.89) and set an outperform rating for the company in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 2,789.55 ($36.69).
LON ABF opened at GBX 1,911 ($25.14) on Monday. The company has a current ratio of 1.82, a quick ratio of 0.91 and a debt-to-equity ratio of 6.16. Associated British Foods has a 1-year low of GBX 1,554 ($20.44) and a 1-year high of GBX 2,730 ($35.91). The company has a 50 day moving average of GBX 2,257 and a 200-day moving average of GBX 2,397.20. The company has a market cap of $15.13 billion and a price-to-earnings ratio of 17.20.
In other news, insider Graham Allan acquired 2,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of GBX 2,271 ($29.87) per share, for a total transaction of £45,420 ($59,747.43).
About Associated British Foods
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, 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.
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