Associated British Foods (LON:ABF) Price Target Cut to GBX 1,700 by Analysts at JPMorgan Chase & Co.

Associated British Foods (LON:ABF) had its price target decreased by JPMorgan Chase & Co. from GBX 1,780 to GBX 1,700 in a research note issued to investors on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 12.01% from the stock’s previous close.

Several other brokerages have also issued reports on ABF. Citigroup dropped their target price on shares of Associated British Foods from £141 to £133 and set a “sell” rating for the company in a research report on Thursday. UBS Group restated a “neutral” rating and set a GBX 2,050 price objective on shares of Associated British Foods in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a report on Wednesday. Shore Capital Group reiterated a “hold” rating and issued a GBX 2,010 target price on shares of Associated British Foods in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Associated British Foods currently has an average rating of “Reduce” and an average target price of GBX 3,487.14.

Associated British Foods Price Performance

Shares of LON ABF opened at GBX 1,932 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 32.63. The stock has a fifty day simple moving average of GBX 1,865.30 and a two-hundred day simple moving average of GBX 1,910.45. Associated British Foods has a 1-year low of GBX 1,729.45 and a 1-year high of GBX 2,359. The firm has a market cap of £13.52 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.

Associated British Foods (LON:ABF) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 earnings per share 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 1,945.90 billion during the quarter. Analysts anticipate that Associated British Foods will post 188.0990415 earnings per share for the current year.

Insider Activity

In other news, insider Loraine Woodhouse acquired 1,074 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of GBX 1,853 per share, for a total transaction of £19,901.22. Corporate insiders own 1.52% of the company’s stock.

Key Headlines Impacting Associated British Foods

Here are the key news stories impacting Associated British Foods this week:

• Positive Sentiment: Primark sales are still improving, and the retailer’s growth is helping offset some of the weakness in ABF’s Sugar division. The company also reiterated its full-year outlook, which may reassure investors that the broader business remains resilient. Associated British Foods maintains full-year outlook as Primark growth offsets Sugar challenges (ABF)
• Neutral Sentiment: Primark is reportedly on track for a potential separation from parent company ABF by the end of 2027, a strategic move that could reshape the investment case but does not change near-term trading performance. Primark on track to split from parent company by the end of 2027
• Neutral Sentiment: Shore Capital reaffirmed its “hold” rating with a GBX 2,010 target, suggesting limited upside but not an outright negative call. Broker views
• Negative Sentiment: Citigroup cut its price target on ABF and kept a “sell” rating, adding to sentiment pressure on the stock. Broker views
• Negative Sentiment: ABF warned of more losses in Sugar, with higher gas costs linked to the Iran war and weakness in the business expected to weigh on annual profit. Primark owner AB Foods still expects lower annual profit
• Negative Sentiment: The company also said US cooking oil sales are being hit by ICE pressure on Hispanic customers, pointing to softer demand in another consumer-facing segment. AB Foods says US cooking oil sales hit by ICE pressure on Hispanic customers

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. 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.