Brokerages Set Associated British Foods plc (LON:ABF) Price Target at GBX 1,746

Associated British Foods plc (LON:ABF) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,746.

Several research firms have recently weighed in on ABF. Royal Bank Of Canada cut shares of Associated British Foods to an “underperform” rating and decreased their price objective for the stock from GBX 2,050 to GBX 1,850 in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a research report on Tuesday, April 21st. Shore Capital Group reiterated a “hold” rating on shares of Associated British Foods in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. decreased their price objective 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 report on Wednesday, April 22nd.

Associated British Foods Trading Down 0.4%

ABF opened at GBX 1,867 on Tuesday. Associated British Foods has a twelve month low of GBX 1,729.45 and a twelve month high of GBX 2,359. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. The company has a fifty day moving average of GBX 1,844.89 and a 200-day moving average of GBX 1,936.85. The stock has a market cap of £13.10 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.

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

Insider Buying and Selling at Associated British Foods

In other news, insider Loraine Woodhouse acquired 1,074 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average cost of GBX 1,853 per share, for a total transaction of £19,901.22. 1.51% of the stock is currently owned by company insiders.

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.