Associated British Foods (LON:ABF) Insider George Weston Sells 43,660 Shares

Associated British Foods plc (LON:ABF) insider George Weston sold 43,660 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of GBX 2,103, for a total transaction of £918,169.80.

Associated British Foods Trading Up 0.8%

LON ABF traded up GBX 16 during mid-day trading on Wednesday, hitting GBX 2,100. The company’s stock had a trading volume of 798,648 shares, compared to its average volume of 3,790,412. Associated British Foods plc has a 52-week low of GBX 1,818.87 and a 52-week high of GBX 2,359. The firm has a market capitalization of £14.94 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93. The stock’s fifty day simple moving average is GBX 2,137.52 and its two-hundred day simple moving average is GBX 2,137.92.

Associated British Foods (LON:ABF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 EPS for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Research analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ABF shares. Deutsche Bank Aktiengesellschaft upgraded shares of Associated British Foods to a “hold” rating and dropped their price target for the stock from GBX 2,130 to GBX 2,000 in a research note on Wednesday, September 24th. Citigroup boosted their target price on shares of Associated British Foods from GBX 1,830 to GBX 1,840 and gave the company a “sell” rating in a research note on Monday, November 10th. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price on Associated British Foods from GBX 2,215 to GBX 2,095 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Associated British Foods has an average rating of “Hold” and a consensus target price of GBX 2,058.75.

About Associated British Foods

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.