Associated British Foods plc (LON:ABF) Receives GBX 1,815 Consensus PT from Analysts

Shares of Associated British Foods plc (LON:ABF) have received a consensus recommendation of “Reduce” from the six analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 1,793.

ABF has been the topic of several analyst reports. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,650 target price on shares of Associated British Foods in a research note on Friday, January 9th. Shore Capital Group reiterated a “hold” rating on shares of Associated British Foods in a research note on Friday, March 27th. Citigroup lowered their target price on Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a research note on Wednesday. Royal Bank Of Canada downgraded Associated British Foods to an “underperform” rating and lowered their target price for the company from GBX 2,050 to GBX 1,850 in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price 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.

Associated British Foods Trading Down 2.5%

Shares of ABF stock opened at GBX 1,828.50 on Monday. The business’s 50 day moving average is GBX 1,894.32 and its two-hundred day moving average is GBX 2,026.71. Associated British Foods has a twelve month low of GBX 1,729.45 and a twelve month high of GBX 2,359. The company has a market capitalization of £12.86 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84. The company has a current ratio of 1.54, a quick ratio of 0.93 and a debt-to-equity ratio of 33.33.

About Associated British Foods

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.