Associated British Foods’ (ABF) “Hold” Rating Reiterated at Shore Capital Group

Associated British Foods (LON:ABF)‘s stock had its “hold” rating reissued by equities research analysts at Shore Capital Group in a note issued to investors on Wednesday, London Stock Exchange reports. They presently have a GBX 2,010 price target on the stock. Shore Capital Group’s price objective points to a potential upside of 12.35% from the company’s current price.

A number of other brokerages also recently issued reports on ABF. Citigroup lifted their price target on Associated British Foods from GBX 1,330 to GBX 1,550 and gave the company a “sell” rating in a research report on Thursday, September 3rd. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,650 target price on shares of Associated British Foods in a research note on Wednesday, July 1st. UBS Group reiterated a “neutral” rating and set a GBX 2,050 target price on shares of Associated British Foods in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating on the stock in a research report on Friday, July 3rd. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Associated British Foods presently has a consensus rating of “Reduce” and a consensus target price of GBX 1,808.57.

Associated British Foods Stock Down 11.4%

ABF opened at GBX 1,789 on Wednesday. The firm has a market capitalization of £12.49 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,359. The company has a fifty day moving average price of GBX 2,034.12 and a 200-day moving average price of GBX 1,927.62. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93.

Associated British Foods (LON:ABF) last issued its quarterly earnings data on Wednesday, June 17th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,945.90 billion for the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. Equities research analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

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.