Associated British Foods (LON:ABF) Trading Down 9.2% – Here’s Why

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ABF. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 2,300 ($30.85) target price on shares of Associated British Foods in a report on Tuesday, January 28th. Shore Capital reaffirmed an “under review” rating on shares of Associated British Foods in a research note on Tuesday.

Associated British Foods Stock Up 2.4 %

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 business has a 50 day simple moving average of GBX 1,972.59 and a 200-day simple moving average of GBX 2,059.57. The firm has a market capitalization of £15.02 billion, a price-to-earnings ratio of 10.61, 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 (EPS) for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. On average, equities analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current year.

About Associated British Foods

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.