Associated British Foods’ (ABF) Buy Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a report published on Thursday, Marketbeat Ratings reports.

Associated British Foods Price Performance

Shares of ABF stock opened at GBX 2,431.01 ($30.26) on Thursday. The stock’s fifty day simple moving average is GBX 2,348.74 and its 200 day simple moving average is GBX 2,283.66. The company has a debt-to-equity ratio of 33.25, a current ratio of 1.83 and a quick ratio of 0.93. The firm has a market cap of £18.32 billion, a price-to-earnings ratio of 1,822.39, a P/E/G ratio of 1.37 and a beta of 1.24. Associated British Foods has a one year low of GBX 1,804.50 ($22.46) and a one year high of GBX 2,536 ($31.57).

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.