Associated British Foods (LON:ABF) Stock Price Down 9.2% – Should You Sell?

Associated British Foods plc (LON:ABF) was down 9.2% during trading on Tuesday . The stock traded as low as GBX 2,020 ($27.09) and last traded at GBX 2,034 ($27.28). Approximately 2,897,962 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 5,915,649 shares. The stock had previously closed at GBX 2,239 ($30.03).

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Shore Capital reaffirmed an “under review” rating on shares of Associated British Foods in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,300 ($30.85) price target on shares of Associated British Foods in a research report on Tuesday, January 28th.

Associated British Foods Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88. The stock’s fifty day moving average is GBX 1,972.59 and its two-hundred day moving average is GBX 2,059.57. The firm has a market capitalization of £15.00 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last released its quarterly earnings data on Wednesday, April 30th. The company reported GBX 71 ($0.95) earnings per share for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. On average, analysts predict that Associated British Foods plc will post 188.0990415 earnings per share 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.