Associated British Foods (LON:ABF – Get Free Report) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,790 to GBX 1,820 in a report released on Friday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price indicates a potential downside of 8.34% from the company’s current price.
ABF has been the topic of several other research reports. Citigroup cut their price objective on Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating on the stock in a research report on Wednesday, September 23rd. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,650 target price on shares of Associated British Foods in a research note on Wednesday, November 4th. Shore Capital Group reiterated a “hold” rating and set a GBX 1,910 target price on shares of Associated British Foods in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a research note on Friday, September 11th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of GBX 1,777.86.
Check Out Our Latest Stock Report on ABF
Associated British Foods Trading Down 0.2%
ABF opened at GBX 1,985.50 on Friday. The company has a debt-to-equity ratio of 33.20, a quick ratio of 0.93 and a current ratio of 1.50. The stock’s 50 day moving average price is GBX 1,907.99 and its 200-day moving average price is GBX 1,917.66. Associated British Foods has a one year low of GBX 1,729.45 and a one year high of GBX 2,288. The stock has a market cap of £13.88 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.51 and a beta of 0.81.
Associated British Foods (LON:ABF – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported GBX 156 earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 8.06% and a net margin of 4.75%. The firm had revenue of GBX 1,958.20 billion during the quarter. On average, equities analysts forecast that Associated British Foods will post 188.10 EPS for the current year.
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. 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.
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