Associated British Foods (LON:ABF) Insider Sells £732,222.54 in Stock

Associated British Foods plc (LON:ABF) insider Eoin Tonge sold 34,818 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total value of £732,222.54.

Associated British Foods Stock Performance

Shares of Associated British Foods stock traded up GBX 16 during trading hours on Wednesday, reaching GBX 2,100. 798,648 shares of the stock traded hands, compared to its average volume of 3,790,412. Associated British Foods plc has a one year low of GBX 1,818.87 and a one year high of GBX 2,359. The firm has a market capitalization of £14.94 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88. The company has a 50 day moving average price of GBX 2,137.52 and a 200 day moving average price of GBX 2,137.92.

Associated British Foods (LON:ABF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 earnings per share for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. On average, equities research analysts expect that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ABF. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised Associated British Foods to a “hold” rating and cut their price target for the company from GBX 2,130 to GBX 2,000 in a report on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price objective on Associated British Foods from GBX 2,215 to GBX 2,095 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Citigroup lifted their price objective on Associated British Foods from GBX 1,830 to GBX 1,840 and gave the company a “sell” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Associated British Foods presently has an average rating of “Hold” and a consensus target price of GBX 2,058.75.

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.