Associated British Foods plc (LON:ABF) Stock Has Consensus Target Price of GBX 1,796.43 According to Brokerages

Associated British Foods plc (LON:ABF – Get Free Report) has been given an average recommendation of “Reduce” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 1,782.14.

A number of brokerages have recently issued reports on ABF. JPMorgan Chase & Co. decreased their target price on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a report on Friday, September 11th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,650 price target on shares of Associated British Foods in a report on Wednesday, July 1st. Shore Capital Group reaffirmed a “hold” rating and set a GBX 1,910 price target on shares of Associated British Foods in a research report on Tuesday. Citigroup decreased their price objective on shares of Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a research note on Wednesday, September 23rd. Finally, UBS Group reissued a “neutral” rating and issued a GBX 2,050 price objective on shares of Associated British Foods in a research report on Friday, June 26th.

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Associated British Foods Stock Performance

Shares of LON:ABF opened at GBX 1,827 on Monday. The business has a 50-day moving average of GBX 1,973.38 and a two-hundred day moving average of GBX 1,919.46. The firm has a market capitalization of £12.76 billion, a PE ratio of 13.71, a P/E/G ratio of 1.51 and a beta of 0.81. 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 has a 12 month low of GBX 1,729.45 and a 12 month high of GBX 2,359.

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.

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