Deutsche Bank Aktiengesellschaft Lowers Associated British Foods (LON:ABF) Price Target to GBX 1,850

Associated British Foods (LON:ABF) had its target price decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,925 to GBX 1,850 in a research report issued on Tuesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 0.82% from the stock’s previous close.

Several other analysts have also recently commented on the company. Royal Bank Of Canada cut Associated British Foods to an “underperform” rating and reduced their target price for the company from GBX 2,050 to GBX 1,850 in a report on Monday, April 13th. Shore Capital Group reiterated a “hold” rating on shares of Associated British Foods in a report on Friday, April 17th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,650 target price on shares of Associated British Foods in a report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Citigroup reduced their target price on Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a report on Wednesday, April 15th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of GBX 1,746.

Associated British Foods Stock Performance

Associated British Foods stock opened at GBX 1,835 on Tuesday. The business has a 50 day moving average of GBX 1,842.67 and a 200-day moving average of GBX 1,959.32. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93. The company has a market capitalization of £12.87 billion, a P/E ratio of 13.77, a P/E/G ratio of 1.51 and a beta of 0.81.

Associated British Foods (LON:ABF) last released its quarterly earnings data on Tuesday, April 21st. The company reported GBX 62.70 earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%.The company had revenue of GBX 947 billion during the quarter. On average, equities research analysts predict that Associated British Foods will post 188.0990415 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Loraine Woodhouse bought 1,074 shares of Associated British Foods stock in a transaction that occurred on Wednesday, April 22nd. The shares were acquired at an average cost of GBX 1,853 per share, for a total transaction of £19,901.22. 1.51% of the stock is owned by insiders.

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. 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.