Associated British Foods (LON:ABF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Associated British Foods (LON:ABF) to a hold rating in a report published on Wednesday, MarketBeat Ratings reports. They currently have GBX 2,000 price objective on the stock, down from their prior price objective of GBX 2,130.

Separately, Shore Capital reissued a “buy” rating on shares of Associated British Foods in a report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,150.

Associated British Foods Price Performance

Associated British Foods stock opened at GBX 2,019 on Wednesday. The stock’s fifty day moving average price is GBX 2,169.30 and its two-hundred day moving average price is GBX 2,086.53. The firm has a market cap of £14.37 billion, a PE ratio of 1,138.75, 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 current ratio of 1.78 and a quick ratio of 0.93. Associated British Foods has a one year low of GBX 1,818.87 and a one year high of GBX 2,440.

Insider Activity at Associated British Foods

In related news, insider Eoin Tonge sold 16,741 shares of the firm’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 value of £346,538.70. Insiders own 1.49% of the company’s stock.

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.