Associated British Foods - ABF Share Forecast, Price & News

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, menswear, children's wear, footwear, accessories, homeware, and skincare products. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.

Associated British Foods Stock Performance

LON:ABF opened at GBX 1,660 ($20.06) on Friday. Associated British Foods has a 52-week low of GBX 1,462.50 ($17.67) and a 52-week high of GBX 2,181 ($26.35). The company has a debt-to-equity ratio of 37.25, a quick ratio of 1.15 and a current ratio of 1.99. The company has a market capitalization of £13.14 billion and a P/E ratio of 1,676.77. The company has a fifty day moving average of GBX 1,631.15 and a 200-day moving average of GBX 1,698.38.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Shore Capital restated a "buy" rating on shares of Associated British Foods in a research note on Thursday, July 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a GBX 1,850 ($22.35) price objective on shares of Associated British Foods in a research note on Monday, May 30th. JPMorgan Chase & Co. lowered shares of Associated British Foods to a "neutral" rating and reduced their price objective for the company from GBX 1,940 ($23.44) to GBX 1,900 ($22.96) in a research note on Tuesday, June 21st. Morgan Stanley restated an "equal weight" rating on shares of Associated British Foods in a research report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Associated British Foods from GBX 1,900 ($22.96) to GBX 1,850 ($22.35) and set a "hold" rating for the company in a research report on Tuesday, July 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Associated British Foods currently has an average rating of "Moderate Buy" and an average price target of GBX 2,161.67 ($26.12).

Insider Transactions at Associated British Foods

In related news, insider Wolfhart Hauser acquired 3,243 shares of the company's stock in a transaction dated Tuesday, July 5th. The stock was bought at an average cost of GBX 1,534 ($18.54) per share, with a total value of £49,747.62 ($60,110.71).