Associated British Foods plc (LON:ABF) Receives GBX 1,788.57 Average PT from Brokerages

Associated British Foods plc (LON:ABF) has received a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,788.57.

Several equities research analysts have recently commented on the stock. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 2,010 target price on shares of Associated British Foods in a research report on Thursday, July 2nd. Citigroup reduced their price target on shares of Associated British Foods from GBX 1,450 to GBX 1,410 and set a “sell” rating on the stock in a research report on Tuesday, June 16th. 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 Wednesday, July 1st. UBS Group restated a “neutral” rating and issued a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their price objective on Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating on the stock in a research report on Friday, July 3rd.

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at GBX 2,061 on Friday. 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 market cap of £14.42 billion, a PE ratio of 15.46, a P/E/G ratio of 1.51 and a beta of 0.81. The business has a 50 day moving average of GBX 2,002.50 and a 200 day moving average of GBX 1,917.80. Associated British Foods has a 52 week low of GBX 1,729.45 and a 52 week high of GBX 2,359.

Associated British Foods (LON:ABF) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 EPS for the quarter. The company had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. As a group, equities research analysts forecast 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.