Associated British Foods (LON:ABF) Insider Sells £732,222.54 in Stock

Associated British Foods plc (LON:ABF) insider Eoin Tonge sold 34,818 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total transaction of £732,222.54.

Associated British Foods Stock Performance

Shares of ABF stock opened at GBX 2,112 on Friday. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. The firm has a market cap of £15.03 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.51 and a beta of 1.24. The firm’s 50 day moving average price is GBX 2,147.18 and its 200-day moving average price is GBX 2,137.83. Associated British Foods plc has a one year low of GBX 1,818.87 and a one year high of GBX 2,359.

Associated British Foods (LON:ABF) last announced its earnings results on Tuesday, November 4th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. As a group, equities research analysts predict that Associated British Foods plc will post 188.0990415 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABF. JPMorgan Chase & Co. cut their price objective on Associated British Foods from GBX 2,215 to GBX 2,095 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Citigroup lifted their target price on Associated British Foods from GBX 1,830 to GBX 1,840 and gave the company a “sell” rating in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Associated British Foods to a “hold” rating and cut their price target for the stock from GBX 2,130 to GBX 2,000 in a research note on Wednesday, September 24th. Finally, Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Associated British Foods has a consensus rating of “Hold” and an average target price of GBX 2,058.75.

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.