Associated British Foods (LON:ABF) Price Target Raised to GBX 1,550

Associated British Foods (LON:ABF) had its price objective boosted by Citigroup from GBX 1,330 to GBX 1,550 in a report issued on Thursday morning, Marketbeat Ratings reports. Citigroup currently has a sell rating on the stock.

Several other analysts have also issued reports on ABF. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 2,010 target price on shares of Associated British Foods in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price target on shares of Associated British Foods from GBX 1,780 to GBX 1,700 and set a “neutral” rating on the stock in a research note on Friday, July 3rd. Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a research note on Wednesday, July 1st. UBS Group restated a “neutral” rating and issued a GBX 2,050 price objective on shares of Associated British Foods in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of GBX 1,808.57.

Associated British Foods Trading Up 1.2%

Shares of ABF stock opened at GBX 2,064.59 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. The business has a 50-day moving average price of GBX 2,030.14 and a two-hundred day moving average price of GBX 1,926.28. Associated British Foods has a 12-month low of GBX 1,729.45 and a 12-month high of GBX 2,359. The firm has a market cap of £14.45 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81.

Associated British Foods (LON:ABF) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,945.90 billion during the quarter. Associated British Foods had a return on equity of 8.44% and a net margin of 4.89%. Equities analysts anticipate that Associated British Foods will post 188.0990415 EPS for the current fiscal 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. 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.