Deutsche Bank AG restated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report published on Wednesday. They currently have a GBX 3,500 ($46.03) target price on the stock.

Other equities analysts have also recently issued reports about the stock. HSBC Holdings plc reaffirmed a buy rating and set a GBX 3,700 ($48.67) price target on shares of Associated British Foods plc in a research note on Friday, July 21st. Liberum Capital reaffirmed a buy rating and set a GBX 3,150 ($41.43) price target on shares of Associated British Foods plc in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 3,585 ($47.15) price target on shares of Associated British Foods plc in a research note on Monday, September 11th. Kepler Capital Markets reaffirmed a buy rating and set a GBX 3,300 ($43.40) price target on shares of Associated British Foods plc in a research note on Monday, September 11th. Finally, Shore Capital reaffirmed a buy rating on shares of Associated British Foods plc in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Associated British Foods plc presently has a consensus rating of Buy and an average price target of GBX 3,315.76 ($43.61).

Associated British Foods plc (ABF) traded down GBX 46 ($0.61) during mid-day trading on Wednesday, hitting GBX 3,066 ($40.33). 1,368,970 shares of the company were exchanged, compared to its average volume of 784,738. Associated British Foods plc has a 52-week low of GBX 2,335 ($30.71) and a 52-week high of GBX 3,387 ($44.55).

Associated British Foods plc (LON:ABF) last released its quarterly earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of GBX 1,535.70 billion during the quarter.

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The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be issued a dividend of GBX 29.65 ($0.39) per share. This is a positive change from Associated British Foods plc’s previous dividend of $11.35. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 0.97%.

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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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