HSBC Holdings plc reissued their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report released on Wednesday. The firm currently has a GBX 3,700 ($48.67) price objective on the stock.
ABF has been the topic of several other reports. Credit Suisse Group restated an outperform rating and issued a GBX 3,600 ($47.35) price objective on shares of Associated British Foods plc in a report on Monday, September 11th. Liberum Capital restated a buy rating and issued a GBX 3,150 ($41.43) price objective on shares of Associated British Foods plc in a report on Wednesday, August 30th. Deutsche Bank AG increased their price objective on shares of Associated British Foods plc from GBX 3,300 ($43.40) to GBX 3,500 ($46.03) and gave the company a buy rating in a report on Friday, September 8th. Berenberg Bank increased their price objective on shares of Associated British Foods plc from GBX 3,100 ($40.77) to GBX 3,200 ($42.09) and gave the company a hold rating in a report on Monday, September 18th. Finally, Shore Capital restated a buy rating on shares of Associated British Foods plc in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 3,315.76 ($43.61).
Shares of Associated British Foods plc (LON:ABF) traded down GBX 46 ($0.61) during midday trading on Wednesday, reaching GBX 3,066 ($40.33). 1,368,970 shares of the company traded hands, compared to its average volume of 784,738. Associated British Foods plc has a fifty-two week low of GBX 2,335 ($30.71) and a fifty-two week high of GBX 3,387 ($44.55).
Associated British Foods plc (LON:ABF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). Associated British Foods plc had a net margin of 7.01% and a return on equity of 12.97%. The business had revenue of GBX 1,535.70 billion for the quarter.
The firm also recently announced a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be given a GBX 29.65 ($0.39) dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 0.97%. This is an increase from Associated British Foods plc’s previous dividend of $11.35.
Associated British Foods plc Company Profile
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
Receive News & Ratings for Associated British Foods plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods plc and related companies with MarketBeat.com's FREE daily email newsletter.