Associated British Foods’ (ABF) Hold Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Associated British Foods (LON:ABF) in a research report sent to investors on Thursday, MarketBeat Ratings reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Associated British Foods from GBX 2,095 to GBX 1,940 and set a “neutral” rating on the stock in a research report on Friday, January 9th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,650 price objective on shares of Associated British Foods in a report on Friday, January 9th. Citigroup dropped their target price on Associated British Foods from GBX 1,830 to GBX 1,710 and set a “sell” rating for the company in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Associated British Foods from GBX 2,100 to GBX 1,925 and set a “hold” rating for the company in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Associated British Foods currently has a consensus rating of “Reduce” and an average target price of GBX 1,905.

Associated British Foods Trading Down 0.2%

Shares of ABF stock opened at GBX 1,879.50 on Thursday. The company has a market capitalization of £13.30 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.51 and a beta of 1.24. Associated British Foods has a 12-month low of GBX 1,810 and a 12-month high of GBX 2,359. The firm has a 50-day moving average price of GBX 2,058.72 and a 200 day moving average price of GBX 2,134.23. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88.

Associated British Foods (LON:ABF) last released its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Research analysts forecast that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

Insider Buying and Selling at Associated British Foods

In related news, insider George G. Weston sold 43,660 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total transaction of £918,169.80. Also, insider Eoin Tonge sold 34,818 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of GBX 2,103, for a total transaction of £732,222.54. Corporate insiders own 1.50% of the company’s stock.

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.