Associated British Foods (LON:ABF) Given Underperform Rating at Jefferies Financial Group

Associated British Foods (LON:ABF)‘s stock had its “underperform” rating restated by analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 1,650 price objective on the stock. Jefferies Financial Group‘s target price would suggest a potential downside of 17.87% from the stock’s previous close.

ABF has been the topic of several other research reports. Deutsche Bank boosted their target price on Associated British Foods from GBX 1,790 to GBX 1,820 and gave the stock a “hold” rating in a research report on Friday, November 6th. Shore Capital Group reissued a “hold” rating and issued a GBX 1,910 price target on shares of Associated British Foods in a report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price target on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a report on Friday, September 11th. Finally, Citigroup decreased their price target on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating on the stock in a research note on Wednesday, September 23rd. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Associated British Foods currently has a consensus rating of “Reduce” and a consensus price target of GBX 1,777.86.

Associated British Foods Stock Performance

Shares of Associated British Foods stock traded up GBX 25 on Thursday, reaching GBX 2,009. 245,562 shares of the stock were exchanged, compared to its average volume of 9,939,250. Associated British Foods has a 1-year low of GBX 1,729.45 and a 1-year high of GBX 2,251. The company has a current ratio of 1.50, a quick ratio of 0.93 and a debt-to-equity ratio of 33.20. The business has a fifty day moving average price of GBX 1,904.97 and a two-hundred day moving average price of GBX 1,919.49. The firm has a market capitalization of £14.04 billion, a PE ratio of 15.07, a PEG ratio of 1.51 and a beta of 0.81.

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported GBX 156 EPS for the quarter. The firm had revenue of GBX 1,958.20 billion during the quarter. Associated British Foods had a net margin of 4.75% and a return on equity of 8.06%. As a group, research analysts anticipate that Associated British Foods will post 188.10 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.