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Associated British Foods (LON:ABF) Given Buy Rating at Shore Capital

Associated British Foods logo with Consumer Defensive background

Shore Capital reaffirmed their buy rating on shares of Associated British Foods (LON:ABF - Free Report) in a research note published on Monday, MarketBeat reports.

Associated British Foods Trading Down 0.4%

ABF traded down GBX 10 during trading on Monday, reaching GBX 2,320. 553,187 shares of the company's stock were exchanged, compared to its average volume of 3,466,437. Associated British Foods has a one year low of GBX 1,818.87 and a one year high of GBX 2,527. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88. The stock has a market capitalization of £16.73 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The firm has a fifty day moving average price of GBX 2,155.89 and a two-hundred day moving average price of GBX 2,049.24.

Insiders Place Their Bets

In other Associated British Foods news, insider Eoin Tonge sold 16,741 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of GBX 2,070, for a total transaction of £346,538.70. 58.08% of the stock is owned by insiders.

About Associated British Foods

(Get Free Report)

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.

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