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

Shore Capital Group reiterated their hold rating on shares of Associated British Foods (LON:ABF) in a report released on Wednesday morning,London Stock Exchange reports. The brokerage currently has a GBX 2,010 target price on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,650 price objective on shares of Associated British Foods in a report on Wednesday, July 1st. UBS Group reiterated a “neutral” rating and issued a GBX 2,050 price target on shares of Associated British Foods in a research note on Friday, June 26th. JPMorgan Chase & Co. lowered their price target on shares of Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating for the company in a research report on Friday, July 3rd. Citigroup boosted their price objective on shares of Associated British Foods from GBX 1,330 to GBX 1,550 and gave the stock a “sell” rating in a research note on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 1,808.57.

Associated British Foods Stock Down 11.2%

LON ABF opened at GBX 1,793 on Wednesday. The stock has a market capitalization of £12.52 billion, a PE ratio of 13.45, a PEG ratio of 1.51 and a beta of 0.81. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The business’s 50-day moving average is GBX 2,034.12 and its 200 day moving average is GBX 1,927.62. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93.

Associated British Foods (LON:ABF) last announced its earnings results on Wednesday, June 17th. The company reported GBX 174.90 EPS for the quarter. The company had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. Sell-side analysts forecast that Associated British Foods will post 188.0990415 earnings per share for the current year.

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. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.

Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.