Associated British Foods (ABF) Given Buy Rating at Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Associated British Foods (LON:ABF) in a research report sent to investors on Friday morning. Deutsche Bank currently has a GBX 3,500 ($47.46) price objective on the stock.

ABF has been the topic of a number of other research reports. reiterated a buy rating and set a GBX 3,700 ($50.18) price target on shares of Associated British Foods in a report on Wednesday, November 8th. Shore Capital reiterated a buy rating on shares of Associated British Foods in a report on Tuesday, November 7th. Liberum Capital reiterated a buy rating and set a GBX 3,150 ($42.72) price target on shares of Associated British Foods in a report on Tuesday, November 7th. HSBC reiterated a buy rating and set a GBX 3,700 ($50.18) price target on shares of Associated British Foods in a report on Thursday, November 2nd. Finally, reiterated a buy rating and set a GBX 3,700 ($50.18) price target on shares of Associated British Foods in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 3,439.37 ($46.64).

Associated British Foods (LON:ABF) opened at GBX 2,762 ($37.46) on Friday. Associated British Foods has a one year low of GBX 2,335 ($31.67) and a one year high of GBX 3,387 ($45.93). The firm has a market cap of $21,870.00 and a P/E ratio of 1,817.11.

Associated British Foods (LON:ABF) last announced its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.72) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 125.90 ($1.71) by GBX 1.20 ($0.02). Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%. The business had revenue of GBX 1,535.70 billion during the quarter.

The firm also recently declared a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, December 14th were paid a dividend of GBX 29.65 ($0.40) per share. This represents a dividend yield of 0.97%. The ex-dividend date was Thursday, December 14th. This is a boost from Associated British Foods’s previous dividend of $11.35.

In other news, insider John Bason sold 21,716 shares of Associated British Foods stock in a transaction on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($41.27), for a total transaction of £660,817.88 ($896,145.76).

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About Associated British Foods

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

Analyst Recommendations for Associated British Foods (LON:ABF)

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