Associated British Foods (LON:ABF) Given Buy Rating at Shore Capital

Shore Capital restated their buy rating on shares of Associated British Foods (LON:ABF) in a research report report published on Thursday, Marketbeat Ratings reports.

Associated British Foods Stock Up 0.2 %

ABF opened at GBX 1,883.50 ($23.26) on Thursday. The stock has a market cap of £13.86 billion, a price-to-earnings ratio of 1,215.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The firm’s fifty day moving average is GBX 2,103.85 and its 200 day moving average is GBX 2,288.26. Associated British Foods has a fifty-two week low of GBX 1,862 ($23.00) and a fifty-two week high of GBX 2,770.66 ($34.22).

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.43) EPS for the quarter. Associated British Foods had a return on equity of 10.69% and a net margin of 5.92%. On average, sell-side analysts forecast that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were issued a GBX 69.30 ($0.86) dividend. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Associated British Foods’s previous dividend of $20.70. Associated British Foods’s payout ratio is 3,483.87%.

Insider Activity at Associated British Foods

In related news, insider George G. Weston sold 56,653 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.69), for a total value of £1,224,271.33 ($1,512,192.85). Also, insider Loraine Woodhouse purchased 4,164 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of GBX 2,389 ($29.51) per share, for a total transaction of £99,477.96 ($122,872.97). 58.08% of the stock is currently 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.