Associated British Foods (LON:ABF) Sets New 1-Year Low – Time to Sell?

Associated British Foods plc (LON:ABFGet Free Report)’s stock price hit a new 52-week low on Thursday . The company traded as low as GBX 1,894 ($23.32) and last traded at GBX 1,916 ($23.59), with a volume of 12787260 shares traded. The stock had previously closed at GBX 1,937 ($23.85).

Associated British Foods Price Performance

The business’s 50-day simple moving average is GBX 2,110.39 and its two-hundred day simple moving average is GBX 2,292.02. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 33.71. The stock has a market cap of £14.02 billion, a P/E ratio of 1,229.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABFGet Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.42) earnings per share for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. Sell-side analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current year.

Associated British Foods Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were issued a dividend of GBX 69.30 ($0.85) per share. This is a boost from Associated British Foods’s previous dividend of $20.70. The ex-dividend date was Thursday, December 12th. This represents a yield of 3.03%. Associated British Foods’s dividend payout ratio is 3,483.87%.

Insider Buying and Selling at Associated British Foods

In related news, insider George G. Weston sold 56,653 shares of Associated British Foods stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.60), for a total transaction of £1,224,271.33 ($1,507,166.48). Also, insider Loraine Woodhouse bought 4,164 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average price of GBX 2,389 ($29.41) per share, for a total transaction of £99,477.96 ($122,464.56). Insiders own 58.08% of the company’s stock.

Associated British Foods Company Profile

(Get Free Report)

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.

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