Associated British Foods (LON:ABF) Insider Purchases £19,901.22 in Stock

Associated British Foods plc (LON:ABFGet Free Report) insider Loraine Woodhouse bought 1,074 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average price of GBX 1,853 per share, for a total transaction of £19,901.22.

Associated British Foods Trading Down 0.9%

LON:ABF traded down GBX 16.63 during trading hours on Thursday, reaching GBX 1,836.87. 1,546,406 shares of the company were exchanged, compared to its average volume of 10,104,240. The company has a debt-to-equity ratio of 33.33, a current ratio of 1.54 and a quick ratio of 0.93. The firm has a market cap of £12.92 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.51 and a beta of 0.84. Associated British Foods plc has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359. The stock has a 50 day simple moving average of GBX 1,885.73 and a 200 day simple moving average of GBX 2,019.37.

Associated British Foods (LON:ABFGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported GBX 62.70 earnings per share for the quarter. The company had revenue of GBX 947 billion for the quarter. Associated British Foods had a net margin of 5.27% and a return on equity of 9.30%. As a group, analysts predict that Associated British Foods plc will post 188.0990415 EPS for the current year.

Key Associated British Foods News

Here are the key news stories impacting Associated British Foods this week:

Analysts Set New Price Targets

Several research firms have recently weighed in on ABF. Royal Bank Of Canada downgraded shares of Associated British Foods to an “underperform” rating and dropped their target price for the stock from GBX 2,050 to GBX 1,850 in a research report on Monday, April 13th. Citigroup lowered their price objective on shares of Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a research report on Tuesday. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Associated British Foods in a research report on Friday, April 17th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of GBX 1,761.

Read Our Latest Analysis on Associated British Foods

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. 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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