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

Shares of Associated British Foods plc (LON:ABF) have earned an average rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 1,761.

A number of equities analysts have recently commented on ABF shares. Royal Bank Of Canada lowered shares of Associated British Foods to an “underperform” rating and decreased their price target for the stock from GBX 2,050 to GBX 1,850 in a report on Monday, April 13th. Citigroup reduced 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 research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their price target on Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Shore Capital Group reissued a “hold” rating on shares of Associated British Foods in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,925 target price on shares of Associated British Foods in a research report on Wednesday, April 22nd.

Insider Activity at Associated British Foods

In other Associated British Foods news, insider Loraine Woodhouse purchased 1,074 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average cost of GBX 1,853 per share, with a total value of £19,901.22. Company insiders own 1.51% of the company’s stock.

Associated British Foods Price Performance

Associated British Foods stock opened at GBX 1,772.50 on Friday. The stock has a market cap of £12.44 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.51 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. The business has a 50-day simple moving average of GBX 1,852.95 and a 200 day simple moving average of GBX 1,988.82. Associated British Foods has a 52 week low of GBX 1,729.45 and a 52 week high of GBX 2,359.

Associated British Foods (LON:ABF) last issued its quarterly earnings results on Tuesday, April 21st. The company reported GBX 62.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 947 billion during the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. On average, research analysts forecast that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

Associated British Foods Company Profile

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.