Associated British Foods (LON:ABF – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported GBX 174.90 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 1,945.90 billion for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%.
Associated British Foods Trading Down 1.5%
Shares of Associated British Foods stock opened at GBX 1,881.50 on Friday. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93. The firm has a fifty day moving average price of GBX 1,852.58 and a 200 day moving average price of GBX 1,923. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The stock has a market cap of £13.17 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ABF shares. Royal Bank Of Canada lowered Associated British Foods to an “underperform” rating and reduced their target price for the stock from GBX 2,050 to GBX 1,850 in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their price target on Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,650 price objective on shares of Associated British Foods in a research note on Tuesday, April 21st. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Associated British Foods in a report on Friday, April 17th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of GBX 1,708.
Insider Buying and Selling at Associated British Foods
In related news, insider Loraine Woodhouse acquired 1,074 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average price of GBX 1,853 per share, with a total value of £19,901.22. Insiders own 1.52% of the company’s stock.
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. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.
Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.
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