Associated British Foods (LON:ABF) Sets New 12-Month Low – Time to Sell?

Shares of Associated British Foods plc (LON:ABF) reached a new 52-week low on Monday . The company traded as low as GBX 1,857.50 ($23.18) and last traded at GBX 1,863.69 ($23.26), with a volume of 1190238 shares. The stock had previously closed at GBX 1,902 ($23.74).

Analysts Set New Price Targets

Several equities research analysts have issued reports on ABF shares. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods in a report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,300 ($28.71) target price on shares of Associated British Foods in a research note on Tuesday, January 28th.

Associated British Foods Stock Performance

The firm has a market capitalization of £13.44 billion, a price-to-earnings ratio of 1,178.71, a PEG ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The company has a fifty day moving average of GBX 2,054.88 and a two-hundred day moving average of GBX 2,255.56.

Associated British Foods (LON:ABF) last issued its quarterly earnings results on Tuesday, November 5th. The company reported GBX 196.90 ($2.46) EPS for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. As a group, equities research analysts predict that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

Insider Buying and Selling at Associated British Foods

In other Associated British Foods news, insider George G. Weston sold 56,653 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.97), for a total value of £1,224,271.33 ($1,528,047.09). Insiders own 58.08% of the company’s stock.

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.