Associated British Foods plc (ABF) Stock Price Down 0%
Associated British Foods plc (LON:ABF) was down 0% during trading on Friday . The company traded as low as GBX 3,119 ($41.02) and last traded at GBX 3,066 ($40.33). Approximately 1,368,970 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 784,738 shares. The stock had previously closed at GBX 3,066 ($40.33).
A number of equities research analysts recently commented on ABF shares. J P Morgan Chase & Co lifted their price target on shares of Associated British Foods plc from GBX 3,300 ($43.40) to GBX 3,600 ($47.35) and gave the stock an “overweight” rating in a report on Tuesday, September 12th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,150 ($41.43) price target on shares of Associated British Foods plc in a report on Tuesday, November 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,600 ($47.35) price target on shares of Associated British Foods plc in a report on Tuesday, September 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,500 ($46.03) price target on shares of Associated British Foods plc in a report on Monday, September 11th. Finally, Macquarie started coverage on shares of Associated British Foods plc in a report on Friday, October 27th. They issued an “underperform” rating and a GBX 2,900 ($38.14) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 3,315.76 ($43.61).
Associated British Foods plc (LON:ABF) last posted its quarterly earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). Associated British Foods plc had a net margin of 7.01% and a return on equity of 12.97%. The business had revenue of GBX 1,535.70 billion during the quarter.
The company also recently disclosed a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, December 14th will be paid a dividend of GBX 29.65 ($0.39) per share. This represents a dividend yield of 0.97%. This is an increase from Associated British Foods plc’s previous dividend of $11.35. The ex-dividend date of this dividend is Thursday, December 14th.
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Associated British Foods plc Company Profile
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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