Analysts Set Associated British Foods plc (LON:ABF) PT at GBX 1,808.57

Shares of Associated British Foods plc (LON:ABF) have been given a consensus recommendation of “Reduce” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 1,800.71.

Several research firms recently issued reports on ABF. Citigroup lifted their price objective on Associated British Foods from GBX 1,330 to GBX 1,550 and gave the company a “sell” rating in a research note on Thursday, September 3rd. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 2,010 price target on shares of Associated British Foods in a report on Wednesday, September 9th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating for the company in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. reduced 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 report on Friday, September 11th.

Associated British Foods Stock Performance

LON ABF opened at GBX 1,862 on Thursday. The company’s 50 day simple moving average is GBX 2,024.32 and its two-hundred day simple moving average is GBX 1,923.67. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359. The stock has a market capitalization of £13.00 billion, a PE ratio of 13.97, a P/E/G ratio of 1.51 and a beta of 0.81.

Associated British Foods (LON:ABF) last released its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 EPS for the quarter. The firm had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. Analysts predict that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

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.