Shore Capital Reaffirms "Under review" Rating for Associated British Foods (LON:ABF)

Shore Capital reissued their under review rating on shares of Associated British Foods (LON:ABF - Free Report) in a research report report published on Tuesday, MarketBeat Ratings reports.

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 2,300 ($30.51) price objective on shares of Associated British Foods in a research report on Tuesday, January 28th.

Associated British Foods Stock Up 1.7 %

LON:ABF traded up GBX 34 ($0.45) on Tuesday, hitting GBX 2,050 ($27.20). The stock had a trading volume of 762,483 shares, compared to its average volume of 5,746,840. Associated British Foods has a 1 year low of GBX 1,818.87 ($24.13) and a 1 year high of GBX 2,770.66 ($36.76). The firm's fifty day simple moving average is GBX 1,981.73 and its two-hundred day simple moving average is GBX 2,053.45. The stock has a market cap of £14.78 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78.

Associated British Foods (LON:ABF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.94) EPS for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Analysts predict that Associated British Foods will post 188.0990415 earnings per share for the current year.

Associated British Foods Company Profile

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.