Associated British Foods (LON:ABF) Stock Rating Reaffirmed by Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital in a note issued to investors on Thursday, MarketBeat.com reports.

Associated British Foods Price Performance

ABF opened at GBX 2,447 ($30.46) on Thursday. The business has a fifty day moving average of GBX 2,353.04 and a 200 day moving average of GBX 2,286.36. The stock has a market cap of £18.44 billion, a P/E ratio of 1,826.12, a PEG ratio of 1.37 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.83 and a debt-to-equity ratio of 33.25. Associated British Foods has a 52-week low of GBX 1,804.50 ($22.46) and a 52-week 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.