Associated British Foods (LON:ABF) Earns “Buy” Rating from Liberum Capital
Liberum Capital restated their buy rating on shares of Associated British Foods (LON:ABF) in a report published on Monday morning, Digital Look reports. Liberum Capital currently has a GBX 3,070 ($40.11) price target on the stock.
ABF has been the subject of several other reports. Shore Capital reaffirmed a buy rating on shares of Associated British Foods in a research note on Monday. UBS Group reissued a buy rating on shares of Associated British Foods in a research note on Friday, September 6th. Berenberg Bank reissued a buy rating and issued a GBX 2,800 ($36.59) target price on shares of Associated British Foods in a research note on Monday, July 29th. Jefferies Financial Group reissued a buy rating and issued a GBX 2,950 ($38.55) target price on shares of Associated British Foods in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada decreased their target price on shares of Associated British Foods from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) and set an outperform rating for the company in a research note on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Associated British Foods currently has an average rating of Buy and an average price target of GBX 2,886.83 ($37.72).
Shares of ABF opened at GBX 2,263 ($29.57) on Monday. The stock has a market capitalization of $17.91 billion and a P/E ratio of 19.54. Associated British Foods has a twelve month low of GBX 2,011 ($26.28) and a twelve month high of GBX 2,659 ($34.74). The company has a 50 day moving average of GBX 2,333.24 and a 200-day moving average of GBX 2,409.30. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 8.60.
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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