Associated British Foods plc (LON:ABF – Get Free Report) has been assigned an average rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,788.57.
Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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. JPMorgan Chase & Co. reduced their price objective on Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating for the company in a research report on Friday, July 3rd. Citigroup lowered their target price on Associated British Foods from GBX 1,450 to GBX 1,410 and set a “sell” rating on the stock in a research note on Tuesday, June 16th. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 2,010 target price on shares of Associated British Foods in a research report on Thursday, July 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 2,050 target price on shares of Associated British Foods in a research report on Friday, June 26th.
View Our Latest Stock Report on ABF
Associated British Foods Stock Performance
Associated British Foods (LON:ABF – Get Free Report) last released its earnings results on Wednesday, June 17th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. The company had revenue of GBX 1,945.90 billion during the quarter. Research analysts expect 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. 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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