Associated British Foods (LON:ABF) PT Raised to GBX 2,250

Associated British Foods (LON:ABF) had its price objective increased by investment analysts at JPMorgan Chase & Co. from GBX 2,000 ($25.12) to GBX 2,250 ($28.26) in a report issued on Tuesday, Marketbeat reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 14.64% from the company’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a research note on Thursday, April 18th.

Associated British Foods Stock Down 0.8 %

Shares of LON:ABF opened at GBX 2,636 ($33.11) on Tuesday. Associated British Foods has a 52 week low of GBX 1,804.50 ($22.67) and a 52 week high of GBX 2,765 ($34.73). The company has a debt-to-equity ratio of 33.25, a quick ratio of 0.93 and a current ratio of 1.83. The company has a market capitalization of £19.86 billion, a PE ratio of 1,967.16, a PEG ratio of 1.37 and a beta of 1.24. The company has a 50 day moving average price of GBX 2,412.26 and a two-hundred day moving average price of GBX 2,326.19.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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.