Deutsche Bank Aktiengesellschaft Downgrades Associated British Foods (LON:ABF) to Sell

Deutsche Bank Aktiengesellschaft lowered shares of Associated British Foods (LON:ABF - Free Report) to a sell rating in a report published on Tuesday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has GBX 2,190 ($28.88) target price on the stock, down from their previous target price of GBX 2,290 ($30.20).

Separately, JPMorgan Chase & Co. raised their target price on shares of Associated British Foods from GBX 2,000 ($26.37) to GBX 2,250 ($29.67) and gave the stock a neutral rating in a research report on Tuesday, April 30th.

Associated British Foods Trading Down 0.6 %

LON ABF traded down GBX 15 ($0.20) during trading on Tuesday, hitting GBX 2,499 ($32.96). The stock had a trading volume of 1,606,279 shares, compared to its average volume of 1,002,403. The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The stock has a market capitalization of £18.49 billion, a price-to-earnings ratio of 1,622.73, a P/E/G ratio of 1.08 and a beta of 1.24. Associated British Foods has a one year low of GBX 1,907.50 ($25.15) and a one year high of GBX 2,770.66 ($36.54). The stock has a 50 day simple moving average of GBX 2,475.76 and a 200 day simple moving average of GBX 2,478.25.

Insider Transactions at Associated British Foods

In related news, insider Dame Heather Rabbatts acquired 395 shares of the stock in a transaction dated Monday, June 24th. The stock was acquired at an average cost of GBX 2,512 ($33.13) per share, for a total transaction of £9,922.40 ($13,085.06). Insiders own 57.88% of the company's stock.

About Associated British Foods

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.