Associated British Foods (LON:ABF) Given New GBX 1,940 Price Target at JPMorgan Chase & Co.

Associated British Foods (LON:ABF) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 2,095 to GBX 1,940 in a report issued on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.36% from the company’s current price.

ABF has been the topic of a number of other reports. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,650 price target on shares of Associated British Foods in a research report on Friday. Citigroup lifted their target price on shares of Associated British Foods from GBX 1,830 to GBX 1,840 and gave the company a “sell” rating in a research note on Monday, November 10th. Shore Capital downgraded Associated British Foods to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised Associated British Foods to a “hold” rating and dropped their price target for the company from GBX 2,130 to GBX 2,000 in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Associated British Foods has an average rating of “Reduce” and a consensus target price of GBX 1,931.

Associated British Foods Price Performance

Shares of LON:ABF traded up GBX 9 during midday trading on Friday, reaching GBX 1,859. 2,399,021 shares of the company’s stock were exchanged, compared to its average volume of 7,529,364. 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 company’s 50 day simple moving average is GBX 2,141.56 and its two-hundred day simple moving average is GBX 2,148.77. Associated British Foods has a 12 month low of GBX 1,818.87 and a 12 month high of GBX 2,359. The firm has a market capitalization of £13.15 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last announced its quarterly earnings results 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%. Equities research analysts expect that Associated British Foods will post 188.0990415 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider George G. Weston sold 43,660 shares of the business’s 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 stock in a transaction on Monday, November 17th. The shares were sold at an average price of GBX 2,103, for a total value of £732,222.54. Company insiders own 1.50% of the company’s stock.

Key Associated British Foods News

Here are the key news stories impacting Associated British Foods this week:

• Neutral Sentiment: ABF and Hovis requested the UK regulator skip the initial review and move straight to a Phase 2 takeover investigation — the move seeks to accelerate the timetable but signals the deal raises competition questions. ABF, Hovis ask UK regulator to fast-track takeover review
• Neutral Sentiment: Market commentary: ABF underperformed the market amid the sell-off, reflecting broader repositioning by investors while newsflow develops. Associated British Foods slips Thursday, underperforms market
• Negative Sentiment: Primark profit warning: Management cut guidance after a holiday trading period where fashion and beauty categories weakened, directly weakening ABF’s retail earnings outlook and prompting the share slump. Associated British Foods Shares Plunge as Primark Weakness Weighs on Outlook
• Negative Sentiment: Primark sales slump in holiday trading: Reports show declines in fashion and beauty sales across key peers, underlining sector weakness that hit Primark’s margins and sales momentum. Primark, Marks & Spencer See Fashion, Beauty Sales Shrink During Key Holiday Trading Period
• Negative Sentiment: Shares plunged (>10% intraday) after the Primark profit warning — multiple outlets highlight sharp investor reaction as analysts reassess FY profit forecasts. Associated British Foods shares plummet by over 10% after Primark profit warning
• Negative Sentiment: CMA fast-tracks Hovis takeover review to Phase 2 — regulator’s move increases takeover uncertainty, could prolong deal timeline or force remedies that affect transaction value/strategy. CMA accepts joint ABF/Hovis request to fast-track merger investigation
• Negative Sentiment: UK competition watchdog will investigate the Kingsmill owner’s planned Hovis takeover — added regulatory scrutiny raises execution risk for ABF’s M&A plans. UK competition watchdog to investigate Kingsmill owner’s planned takeover of Hovis
• Negative Sentiment: Financial press coverage (FT, Yahoo, AmericanBankingNews) emphasizes the link between Primark’s weaker trading, downgraded outlook and the share price decline — expect analyst revisions and volatility while more trading updates and CMA findings arrive. Associated British Foods (LON:ABF) Stock Price Down 10.4% – Here’s Why

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.