Shares of Associated British Foods plc (LON:ABF – Get Free Report) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,782.14.
Several research firms have weighed in on ABF. Citigroup lowered their price target on shares of Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating on the stock in a report on Wednesday, September 23rd. Jefferies Financial Group restated 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 reaffirmed a “hold” rating and issued a GBX 1,910 target price on shares of Associated British Foods in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. decreased their target price on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating on the stock in a research report on Friday, September 11th.
Check Out Our Latest Analysis on ABF
Associated British Foods Price Performance
LON:ABF opened at GBX 1,981.50 on Friday. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,288. The company has a market cap of £13.84 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.51 and a beta of 0.81. The firm’s fifty day moving average price is GBX 1,909.47 and its two-hundred day moving average price is GBX 1,917.02. The company has a debt-to-equity ratio of 33.20, a current ratio of 1.50 and a quick ratio of 0.93.
Associated British Foods (LON:ABF – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported GBX 156 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,958.20 billion during the quarter. Associated British Foods had a net margin of 4.75% and a return on equity of 8.06%. Equities analysts expect that Associated British Foods will post 188.10 earnings per share for the current year.
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.
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