Shares of Associated British Foods plc (LON:ABF – Get Free Report) have earned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three 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 1,808.57.
ABF has been the subject of several analyst reports. UBS Group restated a “neutral” rating and issued a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating for the company in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lowered their price target on Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating on the stock in a research report on Friday, July 3rd. Finally, Citigroup upped their price objective on Associated British Foods from GBX 1,330 to GBX 1,550 and gave the stock a “sell” rating in a research note on Thursday, September 3rd.
Check Out Our Latest Research Report on ABF
Associated British Foods Stock Performance
Associated British Foods (LON:ABF – Get Free Report) last issued its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 EPS for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. The firm had revenue of GBX 1,945.90 billion for the quarter. Research analysts forecast 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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