Associated British Foods (LON:ABF – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 174.90 earnings per share for the quarter, Digital Look Earnings reports. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%.
Associated British Foods Price Performance
ABF stock opened at GBX 2,189 on Wednesday. The firm has a 50 day moving average price of GBX 2,137.46 and a 200-day moving average price of GBX 2,133.27. Associated British Foods has a 52-week low of GBX 1,818.87 and a 52-week high of GBX 2,440. The firm has a market capitalization of £15.58 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78.
Analyst Ratings Changes
A number of equities research analysts have weighed in on ABF shares. Citigroup raised their price target on Associated British Foods from GBX 1,770 to GBX 1,830 and gave the company a “sell” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft raised Associated British Foods to a “hold” rating and reduced their price objective for the company from GBX 2,130 to GBX 2,000 in a research note on Wednesday, September 24th. Finally, Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 2,043.33.
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.
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