Associated British Foods (LON:ABF) Price Target Cut to GBX 2,095 by Analysts at JPMorgan Chase & Co.

Associated British Foods (LON:ABF) had its price target lowered by research analysts at JPMorgan Chase & Co. from GBX 2,215 to GBX 2,095 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 4.51% from the stock’s previous close.

A number of other equities analysts have also recently commented on ABF. Citigroup lifted their price target on Associated British Foods from GBX 1,770 to GBX 1,830 and gave the stock a “sell” rating in a report on Monday, October 20th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised Associated British Foods to a “hold” rating and decreased their target price for the stock from GBX 2,130 to GBX 2,000 in a report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Associated British Foods has a consensus rating of “Hold” and an average price target of GBX 2,056.25.

Associated British Foods Stock Down 0.8%

ABF stock opened at GBX 2,194 on Wednesday. The company has a market cap of £15.61 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.51 and a beta of 1.24. Associated British Foods has a twelve month low of GBX 1,818.87 and a twelve month high of GBX 2,440. The business has a 50 day moving average price of GBX 2,137.46 and a two-hundred day moving average price of GBX 2,133.27. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88.

Associated British Foods (LON:ABF) last released its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 EPS for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Analysts anticipate that Associated British Foods will post 188.0990415 EPS for the current fiscal year.

About Associated British Foods

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.