Other equities analysts have also issued research reports about the stock. Goldman Sachs Group reiterated a buy rating and issued a GBX 3,585 ($47.93) price target on shares of Associated British Foods in a report on Monday, September 11th. Liberum Capital restated a buy rating and set a GBX 3,150 ($42.12) target price on shares of Associated British Foods in a report on Monday, September 11th. Kepler Capital Markets restated a buy rating and set a GBX 3,300 ($44.12) target price on shares of Associated British Foods in a report on Monday, September 11th. Shore Capital restated a buy rating on shares of Associated British Foods in a report on Monday, September 11th. Finally, restated a buy rating and set a GBX 3,700 ($49.47) target price on shares of Associated British Foods in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 3,395.90 ($45.41).
Associated British Foods (ABF) opened at GBX 2,882 ($38.53) on Tuesday. The firm has a market cap of $22,780.00 and a price-to-earnings ratio of 1,896.05. Associated British Foods has a 1-year low of GBX 2,335 ($31.22) and a 1-year high of GBX 3,387 ($45.29).
The company also recently declared a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be paid a dividend of GBX 29.65 ($0.40) per share. This is an increase from Associated British Foods’s previous dividend of $11.35. The ex-dividend date is Thursday, December 14th. This represents a yield of 0.97%.
In related news, insider John Bason sold 21,716 shares of Associated British Foods stock in a transaction on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($40.69), for a total transaction of £660,817.88 ($883,564.49).
About Associated British Foods
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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