Associated British Foods’ (ABF) Underperform Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their underperform rating on shares of Associated British Foods (LON:ABF) in a report issued on Thursday morning,Digital Look reports. They currently have a GBX 1,650 price objective on the stock.

ABF has been the topic of a number of other reports. Deutsche Bank boosted their price objective on shares of Associated British Foods from GBX 1,790 to GBX 1,820 and gave the company a “hold” rating in a report on Friday, November 6th. Shore Capital Group restated a “hold” rating and issued a GBX 1,910 target price on shares of Associated British Foods in a research note on Tuesday, October 6th. JPMorgan Chase & Co. reduced 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 price target on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a research report on Wednesday, September 23rd. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of GBX 1,777.86.

Associated British Foods Stock Performance

ABF opened at GBX 2,053 on Thursday. The company has a market cap of £14.35 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 1.50 and a debt-to-equity ratio of 33.20. The firm’s 50-day moving average price is GBX 1,904.78 and its 200-day moving average price is GBX 1,920.86. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,217.

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