Associated British Foods (LON:ABF – Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 1,790 to GBX 1,820 in a research report sent to investors on Friday morning,Digital Look reports. The firm currently has a hold rating on the stock.
A number of other equities analysts have also recently commented on ABF. JPMorgan Chase & Co. dropped their price objective on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a research note on Friday, September 11th. Citigroup decreased their target price 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 research report on Wednesday, September 23rd. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research report on Wednesday, November 4th. Finally, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 1,910 price target on shares of Associated British Foods in a report on Tuesday, October 6th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of GBX 1,777.86.
Check Out Our Latest Analysis on ABF
Associated British Foods Price Performance
Shares of ABF stock traded down GBX 4.50 on Friday, reaching GBX 1,985.50. The company’s stock had a trading volume of 855,978 shares, compared to its average volume of 10,071,783. The stock’s fifty day simple moving average is GBX 1,907.99 and its 200-day simple moving average is GBX 1,917.66. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,288. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 33.20. The company has a market capitalization of £13.88 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.
Associated British Foods (LON:ABF – Get Free Report) last released its quarterly 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 for the quarter. Associated British Foods had a net margin of 4.75% and a return on equity of 8.06%. Analysts forecast that Associated British Foods will post 188.10 earnings per share for the current fiscal 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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