UBS Group reaffirmed their buy rating on shares of Associated British Foods (LON:ABF) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also commented on ABF. HSBC reaffirmed a buy rating on shares of Associated British Foods in a research report on Thursday, January 10th. Liberum Capital reaffirmed a buy rating on shares of Associated British Foods in a research report on Thursday, January 17th. Shore Capital reaffirmed a buy rating on shares of Associated British Foods in a research report on Thursday, January 17th. Barclays reaffirmed an overweight rating and set a GBX 3,280 ($42.86) price target on shares of Associated British Foods in a research report on Friday, January 18th. Finally, Societe Generale reduced their price target on shares of Associated British Foods from GBX 2,378 ($31.07) to GBX 2,332 ($30.47) and set a hold rating for the company in a research report on Friday, January 18th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Associated British Foods presently has an average rating of Buy and an average target price of GBX 2,889.33 ($37.75).
Shares of LON:ABF opened at GBX 2,527 ($33.02) on Friday. Associated British Foods has a fifty-two week low of GBX 2,011 ($26.28) and a fifty-two week high of GBX 2,846 ($37.19). The company has a quick ratio of 0.83, a current ratio of 1.63 and a debt-to-equity ratio of 8.37. The stock has a market capitalization of $19.90 billion and a price-to-earnings ratio of 19.82.
In other Associated British Foods news, insider Graham Allan purchased 3,000 shares of Associated British Foods stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of GBX 2,250 ($29.40) per share, with a total value of £67,500 ($88,200.71).
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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