Associated British Foods plc (LON:ABF) Receives GBX 1,788.57 Average Price Target from Analysts

Shares of Associated British Foods plc (LON:ABF) have been given an average rating of “Reduce” by the seven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,788.57.

A number of equities analysts have commented on ABF shares. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research note on Wednesday, July 1st. Citigroup dropped their price target on shares of Associated British Foods from GBX 1,450 to GBX 1,410 and set a “sell” rating for the company in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating for the company in a report on Tuesday, May 26th. UBS Group reiterated a “neutral” rating and issued a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Finally, Shore Capital Group reiterated a “hold” rating and issued a GBX 2,010 price objective on shares of Associated British Foods in a report on Thursday, July 2nd.

Associated British Foods Stock Up 0.4%

Shares of ABF opened at GBX 1,976.32 on Wednesday. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359. The company has a market capitalization of £13.83 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The stock has a fifty day simple moving average of GBX 1,918.62 and a two-hundred day simple moving average of GBX 1,896.69. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63.

Associated British Foods (LON:ABF) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX 174.90 earnings per share for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. The firm had revenue of GBX 1,945.90 billion for the quarter. As a group, equities analysts forecast that Associated British Foods will post 188.0990415 EPS for the current year.

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.