Associated British Foods plc (LON:ABF) Insider Eoin Tonge Sells 16,741 Shares

Associated British Foods plc (LON:ABF - Get Free Report) insider Eoin Tonge sold 16,741 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($28.26), for a total value of £346,538.70 ($473,090.38).

Associated British Foods Stock Up 0.7%

LON:ABF traded up GBX 13.57 ($0.19) during midday trading on Friday, reaching GBX 2,071.57 ($28.28). 774,132 shares of the stock traded hands, compared to its average volume of 4,188,177. Associated British Foods plc has a 12-month low of GBX 1,818.87 ($24.83) and a 12-month high of GBX 2,543 ($34.72). The business has a 50-day moving average of GBX 2,071.12 and a two-hundred day moving average of GBX 1,999.62. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. The stock has a market capitalization of £14.93 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.97) earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. On average, equities analysts forecast that Associated British Foods plc will post 188.0990415 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Associated British Foods in a research report on Tuesday, May 6th.

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.

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