Associated British Foods (LON:ABF) Hits New 12-Month High at $2,512.00

Associated British Foods plc (LON:ABF)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 2,512 ($31.75) and last traded at GBX 2,511.50 ($31.74), with a volume of 25281 shares trading hands. The stock had previously closed at GBX 2,473 ($31.25).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,875 ($23.70) target price on shares of Associated British Foods in a research note on Thursday, December 14th.

Associated British Foods Stock Down 0.6 %

The stock has a 50-day moving average of GBX 2,303.68 and a 200 day moving average of GBX 2,244.22. The company has a quick ratio of 0.93, a current ratio of 1.83 and a debt-to-equity ratio of 33.25. The company has a market capitalization of £18.82 billion, a PE ratio of 1,864.18, a P/E/G ratio of 1.43 and a beta of 1.24.

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.