Associated British Foods plc (ABF.L) – What Are Analysts Thinking About This Stock?

Associated British Foods plc (LON:ABF) has earned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,782.14.

ABF has been the topic of several research reports. Shore Capital Group reissued a “hold” rating and issued a GBX 1,910 price objective on shares of Associated British Foods in a research report on Tuesday. UBS Group reiterated a “neutral” rating and set a GBX 2,050 target price on shares of Associated British Foods in a report on Friday, June 26th. Citigroup decreased their price target on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,650 price objective on shares of Associated British Foods in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating on the stock in a research note on Friday, September 11th.

Associated British Foods Trading Up 0.1%

Shares of ABF stock opened at GBX 1,835 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. Associated British Foods has a fifty-two week low of GBX 1,729.45 and a fifty-two week high of GBX 2,359. The firm’s 50 day moving average price is GBX 1,962.77 and its two-hundred day moving average price is GBX 1,919.18. The stock has a market cap of £12.81 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.

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. 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.