Associated British Foods plc (LON:ABF) insider Charles J. F. Sinclair bought 3,240 shares of the stock in a transaction dated Thursday, November 24th. The stock was purchased at an average cost of GBX 2,595 ($32.42) per share, for a total transaction of £84,078 ($105,044.98).

Associated British Foods plc (LON:ABF) opened at 2605.1699 on Monday. Associated British Foods plc has a 52 week low of GBX 1,910.00 and a 52 week high of GBX 3,606.00. The company’s market capitalization is GBX 20.59 billion. The stock’s 50 day moving average is GBX 2,519.73 and its 200 day moving average is GBX 2,768.63.

The company also recently declared a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be issued a dividend of GBX 26.45 ($0.33) per share. This is a boost from Associated British Foods plc’s previous dividend of $10.30. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, December 15th.

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Several research firms have recently weighed in on ABF. HSBC reaffirmed a “buy” rating and issued a GBX 3,300 ($41.23) target price on shares of Associated British Foods plc in a report on Wednesday, August 10th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 3,300 ($41.23) target price on shares of Associated British Foods plc in a report on Wednesday, August 3rd. Citigroup Inc. increased their price objective on shares of Associated British Foods plc from GBX 2,600 ($32.48) to GBX 3,000 ($37.48) and gave the stock a “neutral” rating in a report on Thursday, September 15th. Berenberg Bank lowered shares of Associated British Foods plc to a “hold” rating and increased their price objective for the stock from GBX 2,760 ($34.48) to GBX 3,000 ($37.48) in a report on Wednesday, August 31st. Finally, Liberum Capital reissued a “buy” rating and set a GBX 3,500 ($43.73) price objective on shares of Associated British Foods plc in a report on Monday, November 14th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Associated British Foods plc has an average rating of “Hold” and a consensus target price of GBX 3,048.48 ($38.09).

Associated British Foods plc Company Profile

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

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