Associated British Foods’ (ABF) “Hold” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of Associated British Foods (LON:ABF) in a research report report published on Thursday morning, MarketBeat reports.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their price target on Associated British Foods from GBX 2,095 to GBX 1,940 and set a “neutral” rating on the stock in a research note on Friday, January 9th. Citigroup dropped their target price on shares of Associated British Foods from GBX 1,830 to GBX 1,710 and set a “sell” rating on the stock in a research report on Monday, January 12th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,650 price target on shares of Associated British Foods in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Associated British Foods has a consensus rating of “Reduce” and an average price target of GBX 1,905.

Associated British Foods Price Performance

ABF stock opened at GBX 1,884 on Thursday. The stock has a market cap of £13.33 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.51 and a beta of 1.24. The company has a debt-to-equity ratio of 32.88, a current ratio of 1.78 and a quick ratio of 0.93. The company has a 50 day simple moving average of GBX 2,064.37 and a 200 day simple moving average of GBX 2,134.91. Associated British Foods has a 1 year low of GBX 1,810 and a 1 year high of GBX 2,359.

Associated British Foods (LON:ABF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 earnings per share for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Research analysts anticipate that Associated British Foods will post 188.0990415 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Eoin Tonge sold 34,818 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total value of £732,222.54. Also, insider George G. Weston sold 43,660 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total transaction of £918,169.80. Insiders own 1.50% of the company’s stock.

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.