Shares of Associated British Foods plc (LON:ABF – Get Free Report) have been given an average rating of “Reduce” by the six analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation 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 1,746.
ABF has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Citigroup dropped their target price on Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft dropped 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. Royal Bank Of Canada lowered Associated British Foods to an “underperform” rating and dropped their target price for the stock from GBX 2,050 to GBX 1,850 in a report on Monday, April 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a report on Tuesday, April 21st.
Read Our Latest Report on Associated British Foods
Insider Transactions at Associated British Foods
Associated British Foods Stock Performance
Shares of Associated British Foods stock opened at GBX 1,869.50 on Tuesday. The firm has a market cap of £13.08 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The stock’s 50-day moving average is GBX 1,845.64 and its 200-day moving average is GBX 1,934.12. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,359. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93.
Associated British Foods (LON:ABF – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported GBX 62.70 EPS for the quarter. The company had revenue of GBX 947 billion for the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. Equities analysts predict that Associated British Foods will post 188.0990415 earnings per share 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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