Shore Capital Reiterates Hold Rating for Associated British Foods (LON:ABF)

Associated British Foods (LON:ABF)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a research note issued to investors on Thursday, Marketbeat.com reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,650 target price on shares of Associated British Foods in a research report on Friday, January 9th. JPMorgan Chase & Co. cut their price objective on shares of Associated British Foods from GBX 2,095 to GBX 1,940 and set a “neutral” rating on the stock in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut their target price on Associated British Foods from GBX 2,100 to GBX 1,925 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Finally, Citigroup cut their price target on shares of Associated British Foods from GBX 1,830 to GBX 1,710 and set a “sell” rating on the stock in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of GBX 1,905.

Associated British Foods Price Performance

Shares of Associated British Foods stock opened at GBX 1,865 on Thursday. The stock has a market cap of £13.19 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.51 and a beta of 1.24. 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 stock’s fifty day moving average is GBX 2,071.11 and its 200 day moving average is GBX 2,136.66. Associated British Foods has a one year low of GBX 1,810 and a one year high of GBX 2,359.

Associated British Foods (LON:ABF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported GBX 174.90 EPS for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. Sell-side analysts anticipate that Associated British Foods will post 188.0990415 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider George G. Weston sold 43,660 shares of the 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 value of £918,169.80. Also, insider Eoin Tonge sold 34,818 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of GBX 2,103, for a total value of £732,222.54. 1.50% of the stock is currently owned by company insiders.

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.