Associated British Foods (LON:ABF) Receives “Buy” Rating from Liberum Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report released on Monday, February 25th. They currently have a GBX 3,070 ($40.11) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 31.48% from the stock’s previous close.

Several other research firms have also commented on ABF. Kepler Capital Markets reiterated a “buy” rating on shares of Associated British Foods in a research report on Thursday, January 24th. UBS Group restated a “buy” rating on shares of Associated British Foods in a research report on Wednesday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,900 ($37.89) target price (up previously from GBX 2,700 ($35.28)) on shares of Associated British Foods in a research report on Tuesday, January 22nd. Barclays reiterated an “overweight” rating on shares of Associated British Foods in a report on Wednesday, November 7th. Finally, Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a report on Thursday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 2,926.67 ($38.24).

Associated British Foods stock traded down GBX 41 ($0.54) during mid-day trading on Monday, reaching GBX 2,335 ($30.51). The company had a trading volume of 1,005,704 shares, compared to its average volume of 972,940. Associated British Foods has a 1 year low of GBX 2,011 ($26.28) and a 1 year high of GBX 2,846 ($37.19). The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 8.37. The stock has a market cap of $18.39 billion and a PE ratio of 18.31.

In other news, insider Graham Allan bought 3,000 shares of Associated British Foods stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of GBX 2,250 ($29.40) per share, with a total value of £67,500 ($88,200.71).

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, Sugar, Agriculture, Ingredients, 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.

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Analyst Recommendations for Associated British Foods (LON:ABF)

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