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

Shares of Associated British Foods plc (LON:ABF - Get Free Report) have been given a consensus rating of "Reduce" by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,761.

A number of analysts have commented on the company. Citigroup decreased their price objective on Associated British Foods from GBX 1,710 to GBX 1,600 and set a "sell" rating for the company in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,925 target price on shares of Associated British Foods in a report on Wednesday, April 22nd. Royal Bank Of Canada downgraded Associated British Foods to an "underperform" rating and decreased their price target for the stock from GBX 2,050 to GBX 1,850 in a report on Monday, April 13th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 1,650 price target on shares of Associated British Foods in a research report on Tuesday, April 21st. Finally, Shore Capital Group restated a "hold" rating on shares of Associated British Foods in a research note on Friday, April 17th.

Associated British Foods Stock Up 0.0%

Shares of LON ABF opened at GBX 1,822.50 on Friday. The company has a debt-to-equity ratio of 32.63, a current ratio of 1.51 and a quick ratio of 0.93. The company has a 50-day moving average price of GBX 1,862.36 and a 200-day moving average price of GBX 1,997.88. The stock has a market capitalization of £12.79 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.51 and a beta of 0.81. Associated British Foods has a 1 year low of GBX 1,729.45 and a 1 year high of GBX 2,359.

Associated British Foods (LON:ABF - Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported GBX 62.70 earnings per share for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. The company had revenue of GBX 947 billion for the quarter. On average, equities research analysts forecast that Associated British Foods will post 188.0990415 EPS for the current fiscal year.

Insider Activity at Associated British Foods

In other news, insider Loraine Woodhouse bought 1,074 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was bought at an average price of GBX 1,853 per share, for a total transaction of £19,901.22. 1.51% of the stock is currently owned by corporate insiders.

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.

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