Associated British Foods plc (LON:ABF) Given Consensus Recommendation of “Reduce” by Brokerages

Associated British Foods plc (LON:ABFGet Free Report) has been assigned a consensus rating of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat Ratings 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 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,788.57.

A number of brokerages have commented on ABF. Deutsche Bank Aktiengesellschaft lowered their target price 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. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 2,010 target price on shares of Associated British Foods in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lowered their price target on Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating for the company in a report on Friday, July 3rd. UBS Group restated a “neutral” rating and set a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research report on Wednesday, July 1st.

Get Our Latest Stock Analysis on Associated British Foods

Associated British Foods Price Performance

Shares of LON:ABF opened at GBX 2,063.36 on Friday. The business’s 50 day simple moving average is GBX 1,991.29 and its 200-day simple moving average is GBX 1,913.27. 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 market capitalization of £14.44 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Associated British Foods has a 12 month low of GBX 1,729.45 and a 12 month high of GBX 2,359.

Associated British Foods (LON:ABFGet Free Report) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 earnings per share for the quarter. The business had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. As a group, equities analysts forecast that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

About Associated British Foods

(Get Free Report)

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.

See Also

Analyst Recommendations for Associated British Foods (LON:ABF)

Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.