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

Shares of Associated British Foods plc (LON:ABF) have been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 3,487.14.

ABF has been the subject of a number of recent analyst reports. UBS Group reissued 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 reaffirmed an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research note on Wednesday. Citigroup reduced their price target on Associated British Foods from £141 to £133 and set a “sell” rating for the company in a research report on Thursday. 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. Finally, Shore Capital Group reissued a “hold” rating and set a GBX 2,010 price target on shares of Associated British Foods in a report on Thursday.

Associated British Foods Trading Up 1.6%

Associated British Foods stock opened at GBX 1,957 on Friday. 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 firm has a 50-day moving average price of GBX 1,867.38 and a two-hundred day moving average price of GBX 1,910.77. The firm has a market capitalization of £13.70 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.51 and a beta of 0.81. 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 posted its earnings results on Wednesday, June 17th. The company reported GBX 174.90 EPS for the quarter. The firm had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. Sell-side analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current year.

Insider Transactions at Associated British Foods

In related news, insider Loraine Woodhouse bought 1,074 shares of the stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of GBX 1,853 per share, with a total value of £19,901.22. 1.52% of the stock is owned by corporate insiders.

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.