Associated British Foods (LON:ABF) Price Target Raised to GBX 1,820

Associated British Foods (LON:ABF) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 1,790 to GBX 1,820 in a research report sent to investors on Friday,Digital Look reports. They currently have a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a research note on Wednesday, November 4th. Shore Capital Group reissued a “hold” rating and issued a GBX 1,910 target price on shares of Associated British Foods in a report on Tuesday, October 6th. JPMorgan Chase & Co. decreased their target price on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a research note on Friday, September 11th. Finally, Citigroup lowered their target price on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a report on Wednesday, September 23rd. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Associated British Foods presently has an average rating of “Reduce” and an average target price of GBX 1,777.86.

Associated British Foods Stock Performance

Shares of LON:ABF traded down GBX 4.50 on Friday, reaching GBX 1,985.50. 855,978 shares of the company’s stock were exchanged, compared to its average volume of 10,071,783. The firm has a market capitalization of £13.88 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.51 and a beta of 0.81. Associated British Foods has a fifty-two week low of GBX 1,729.45 and a fifty-two week high of GBX 2,288. The business’s 50-day moving average is GBX 1,907.99 and its two-hundred day moving average is GBX 1,917.66. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 33.20.

Associated British Foods (LON:ABF) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported GBX 156 earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 4.75% and a return on equity of 8.06%. The company had revenue of GBX 1,958.20 billion for the quarter. As a group, equities research analysts forecast that Associated British Foods will post 188.10 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.