Shore Capital Reaffirms “Buy” Rating for Associated British Foods (LON:ABF)

Associated British Foods (LON:ABF)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Thursday,Digital Look reports.

Associated British Foods Trading Down 3.0 %

LON:ABF opened at GBX 1,878.50 ($23.13) on Thursday. The firm has a market capitalization of £13.82 billion, a P/E ratio of 1,211.94, a P/E/G ratio of 1.51 and a beta of 1.24. The business has a 50 day simple moving average of GBX 2,103.85 and a 200 day simple moving average of GBX 2,288.26. The company has a debt-to-equity ratio of 33.71, a current ratio of 1.79 and a quick ratio of 0.93. Associated British Foods has a 12-month low of GBX 1,873 ($23.06) and a 12-month high of GBX 2,770.66 ($34.11).

Associated British Foods (LON:ABF) last announced its quarterly earnings results on Tuesday, November 5th. The company reported GBX 196.90 ($2.42) earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. Equities research analysts predict that Associated British Foods will post 188.0990415 EPS for the current year.

Insider Activity at Associated British Foods

In other news, insider Loraine Woodhouse purchased 4,164 shares of the stock in a transaction dated Wednesday, November 6th. The shares were bought at an average cost of GBX 2,389 ($29.41) per share, for a total transaction of £99,477.96 ($122,464.56). Also, insider George G. Weston sold 56,653 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.60), for a total value of £1,224,271.33 ($1,507,166.48). 58.08% of the stock is owned by insiders.

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.