Associated British Foods (LON:ABF) Insider Eoin Tonge Sells 34,818 Shares

Associated British Foods plc (LON:ABF) insider Eoin Tonge sold 34,818 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of GBX 2,103, for a total value of £732,222.54.

Associated British Foods Stock Up 0.8%

LON:ABF traded up GBX 16 during mid-day trading on Wednesday, hitting GBX 2,100. 798,648 shares of the company’s stock traded hands, compared to its average volume of 3,790,412. The company has a fifty day moving average of GBX 2,137.52 and a 200 day moving average of GBX 2,137.92. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. Associated British Foods plc has a twelve month low of GBX 1,818.87 and a twelve month high of GBX 2,359. The company has a market capitalization of £14.94 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.51 and a beta of 1.24.

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

Analyst Ratings Changes

ABF has been the topic of several research analyst reports. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Tuesday, November 4th. Citigroup lifted their price objective on shares of Associated British Foods from GBX 1,830 to GBX 1,840 and gave the stock a “sell” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their target price on Associated British Foods from GBX 2,215 to GBX 2,095 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Associated British Foods to a “hold” rating and reduced their target price for the stock from GBX 2,130 to GBX 2,000 in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 2,058.75.

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.