Associated British Foods plc (LON:ABF) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Consensus "Reduce": Six analysts (three sell, three hold) give Associated British Foods a consensus recommendation of Reduce with an average 12‑month price target of GBX 1,815.
• Analysts have been cutting targets and ratings recently — notable moves include Deutsche Bank (to GBX 1,925, hold), JPMorgan (to GBX 1,940, neutral), Citigroup (to GBX 1,710, sell) and Jefferies (GBX 1,650, underperform) — indicating downward revisions across brokers.
• The stock opened at GBX 1,859, is trading below its 200‑day moving average (GBX 2,029.96) and sits in a 52‑week range of GBX 1,729.45–2,359, reflecting recent weakness.

Shares of Associated British Foods plc (LON:ABF - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,815.

ABF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Associated British Foods from GBX 2,100 to GBX 1,925 and set a "hold" rating on the stock in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Associated British Foods from GBX 2,095 to GBX 1,940 and set a "neutral" rating on the stock in a research report on Friday, January 9th. Citigroup lowered their price objective on shares of Associated British Foods from GBX 1,830 to GBX 1,710 and set a "sell" rating on the stock in a report on Monday, January 12th. Shore Capital Group restated a "hold" rating on shares of Associated British Foods in a report on Friday, March 27th. Finally, Jefferies Financial Group restated an "underperform" rating and set a GBX 1,650 price objective on shares of Associated British Foods in a report on Friday, January 9th.

Associated British Foods Stock Down 3.2%

Shares of LON ABF opened at GBX 1,859 on Monday. The company has a market capitalization of £13.08 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359. The company has a debt-to-equity ratio of 33.33, a quick ratio of 0.93 and a current ratio of 1.54. The company's 50 day moving average price is GBX 1,896.46 and its 200-day moving average price is GBX 2,029.96.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.