Associated British Foods (LON:ABF) Receives “Neutral” Rating from UBS Group

Associated British Foods (LON:ABF)‘s stock had its “neutral” rating reaffirmed by equities research analysts at UBS Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 2,050 price objective on the stock. UBS Group’s target price suggests a potential upside of 3.56% from the stock’s previous close.

Several other research firms have also commented on ABF. Deutsche Bank Aktiengesellschaft lowered 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 report on Tuesday, May 26th. JPMorgan Chase & Co. reduced their target price on shares of Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Citigroup decreased their target price on shares of Associated British Foods from GBX 1,450 to GBX 1,410 and set a “sell” rating for the company in a research report on Tuesday, June 16th. Shore Capital Group restated a “hold” rating on shares of Associated British Foods in a research note on Friday, April 17th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a report on Tuesday, April 21st. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of GBX 1,765.

Associated British Foods Stock Up 0.1%

LON ABF traded up GBX 1 during trading hours on Friday, reaching GBX 1,979.50. 10,862,805 shares of the company traded hands, compared to its average volume of 11,895,717. The stock has a market capitalization of £13.85 billion, a PE ratio of 14.85, a PEG ratio of 1.51 and a beta of 0.81. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 32.63. Associated British Foods has a 12 month low of GBX 1,729.45 and a 12 month high of GBX 2,359. The company has a 50 day moving average of GBX 1,854.66 and a two-hundred day moving average of GBX 1,915.74.

Associated British Foods (LON:ABF) last issued 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 business had revenue of GBX 1,945.90 billion during the quarter. As a group, equities analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current year.

Insider Transactions at Associated British Foods

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

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.