Associated British Foods’ (ABF) Underperform Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Associated British Foods (LON:ABF) in a report issued on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 1,650 target price on the stock.

Several other equities research analysts have also weighed in on ABF. Citigroup dropped their target price on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating on the stock in a research report on Wednesday, September 23rd. Shore Capital Group restated a “hold” rating and issued a GBX 1,910 price target on shares of Associated British Foods in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered their target price 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. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of GBX 1,782.14.

Associated British Foods Price Performance

ABF opened at GBX 1,990 on Wednesday. The company has a market cap of £13.91 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.51 and a beta of 0.81. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,288. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 33.20. The company has a 50 day moving average of GBX 1,907.99 and a two-hundred day moving average of GBX 1,917.66.

Associated British Foods (LON:ABF) last posted its earnings results on Tuesday, November 3rd. The company reported GBX 156 earnings per share for the quarter. The company had revenue of GBX 1,958.20 billion during the quarter. Associated British Foods had a return on equity of 8.06% and a net margin of 4.75%. On average, analysts expect that Associated British Foods will post 188.10 earnings per share for the current year.

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.