Several analysts have recently updated their ratings and price targets for Associated British Foods (LON: ABF):

  • 1/16/2018 – Associated British Foods was upgraded by analysts at Barclays PLC to an “overweight” rating. They now have a GBX 3,380 ($45.84) price target on the stock, up previously from GBX 3,290 ($44.62).
  • 1/10/2018 – Associated British Foods had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 3,700 ($50.18) price target on the stock.
  • 1/8/2018 – Associated British Foods had its “sector performer” rating reaffirmed by analysts at Royal Bank of Canada. They now have a GBX 3,100 ($42.04) price target on the stock.
  • 1/2/2018 – Associated British Foods had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 12/19/2017 – Associated British Foods had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 12/19/2017 – Associated British Foods had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 12/19/2017 – Associated British Foods was downgraded by analysts at Royal Bank of Canada to a “sector performer” rating. They now have a GBX 3,100 ($42.04) price target on the stock, down previously from GBX 3,500 ($47.46).
  • 12/11/2017 – Associated British Foods had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 12/8/2017 – Associated British Foods had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 12/7/2017 – Associated British Foods had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 3,700 ($50.18) price target on the stock.
  • 12/5/2017 – Associated British Foods had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 3,600 ($48.82) price target on the stock.
  • 11/28/2017 – Associated British Foods was downgraded by analysts at Morgan Stanley to an “equal weight” rating. They now have a GBX 3,100 ($42.04) price target on the stock, up previously from GBX 2,800 ($37.97).
  • 11/27/2017 – Associated British Foods had its price target raised by analysts at Liberum Capital from GBX 3,150 ($42.72) to GBX 3,500 ($47.46). They now have a “buy” rating on the stock.
  • 11/21/2017 – Associated British Foods had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 3,500 ($47.46) price target on the stock.
  • 11/20/2017 – Associated British Foods had its price target raised by analysts at Credit Suisse Group AG from GBX 3,600 ($48.82) to GBX 3,700 ($50.18). They now have an “outperform” rating on the stock.

Shares of Associated British Foods plc (LON:ABF) opened at GBX 2,871 ($38.93) on Wednesday. Associated British Foods plc has a 52-week low of GBX 2,335 ($31.67) and a 52-week high of GBX 3,387 ($45.93). The stock has a market capitalization of $22,720.00 and a price-to-earnings ratio of 1,888.82.

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

The company also recently announced a dividend, which was paid on Friday, January 12th. Shareholders of record on Thursday, December 14th were given a GBX 29.65 ($0.40) dividend. This is an increase from Associated British Foods’s previous dividend of $11.35. This represents a yield of 0.97%. The ex-dividend date was Thursday, December 14th.

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

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.

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