Associated British Foods plc (ABF.L) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts maintain a cautious view: Associated British Foods has a consensus “Reduce” rating from seven firms, including two sells and five holds, with an average 12-month price target of GBX 1,782.14.
• Recent price targets were lowered: Citigroup cut its target to GBX 1,520, while JPMorgan reduced its target to GBX 1,645; Shore Capital reiterated a hold rating with a GBX 1,910 target.
• Shares trade near GBX 1,877: The company has a £13.11 billion market capitalization, a 14.08 price-to-earnings ratio, and a 52-week trading range of GBX 1,729.45 to GBX 2,359.

Associated British Foods plc (LON:ABF - Get Free Report) has been given a consensus rating of "Reduce" by the seven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,782.14.

ABF has been the subject of several recent analyst reports. Citigroup dropped their price objective on Associated British Foods from GBX 1,550 to GBX 1,520 and set a "sector perform" rating for the company in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a "neutral" rating for the company in a report on Friday, September 11th. Finally, Shore Capital Group reiterated a "hold" rating and set a GBX 1,910 price target on shares of Associated British Foods in a report on Tuesday, October 6th.

Associated British Foods Trading Down 0.4%

Shares of Associated British Foods stock opened at GBX 1,877 on Friday. The company has a debt-to-equity ratio of 32.63, a quick ratio of 0.93 and a current ratio of 1.51. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359. The firm has a 50-day moving average of GBX 1,919.41 and a 200-day moving average of GBX 1,914.37. The stock has a market cap of £13.11 billion, a PE ratio of 14.08, a PEG ratio of 1.51 and a beta of 0.81.

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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