Analysts Set Associated British Foods plc (LON:ABF) Price Target at GBX 1,761

Shares of Associated British Foods plc (LON:ABF) have received an average rating of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,761.

ABF has been the topic of several research reports. Citigroup decreased their price target on shares of Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a research note on Wednesday, April 15th. Shore Capital Group reissued a “hold” rating on shares of Associated British Foods in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,925 price target on shares of Associated British Foods in a research note on Wednesday, April 22nd. Royal Bank Of Canada downgraded shares of Associated British Foods to an “underperform” rating and decreased their price target for the stock from GBX 2,050 to GBX 1,850 in a research note on Monday, April 13th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,650 price target on shares of Associated British Foods in a research note on Tuesday, April 21st.

Insider Transactions at Associated British Foods

In other news, insider Loraine Woodhouse acquired 1,074 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was purchased at an average cost of GBX 1,853 per share, for a total transaction of £19,901.22. Insiders own 1.51% of the company’s stock.

Associated British Foods Stock Performance

Shares of LON ABF opened at GBX 1,784 on Friday. The company’s fifty day moving average price is GBX 1,847.75 and its 200 day moving average price is GBX 1,981.64. 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 market capitalization of £12.52 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The company has a debt-to-equity ratio of 32.63, a quick ratio of 0.93 and a current ratio of 1.51.

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