UBS Group Reaffirms Neutral Rating for Associated British Foods (LON:ABF)

Associated British Foods (LON:ABF)‘s stock had its “neutral” rating reiterated by research analysts at UBS Group in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 2,050 price objective on the stock. UBS Group’s target price suggests a potential upside of 3.56% from the stock’s previous close.

ABF has been the subject of several other reports. Citigroup lowered their target price on shares of Associated British Foods from GBX 1,450 to GBX 1,410 and set a “sell” rating for the company in a research note on Tuesday, June 16th. 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 Tuesday, April 21st. Shore Capital Group restated a “hold” rating on shares of Associated British Foods in a report on Friday, April 17th. JPMorgan Chase & Co. lowered their price objective on Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on 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. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 1,765.

Associated British Foods Price Performance

Shares of ABF traded up GBX 1 on Friday, reaching GBX 1,979.50. The stock had a trading volume of 10,862,805 shares, compared to its average volume of 11,895,717. The firm has a market capitalization of £13.85 billion, a PE ratio of 14.85, a PEG ratio of 1.51 and a beta of 0.81. 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 firm has a 50-day moving average of GBX 1,854.66 and a 200 day moving average of GBX 1,915.74. Associated British Foods has a twelve month low of GBX 1,729.45 and a twelve month high of GBX 2,359.

Associated British Foods (LON:ABF) last announced its earnings results on Wednesday, June 17th. The company reported GBX 174.90 earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 4.89% and a return on equity of 8.44%. The company had revenue of GBX 1,945.90 billion during the quarter. Sell-side analysts expect that Associated British Foods will post 188.0990415 EPS for the current year.

Insider Transactions at Associated British Foods

In other news, insider Loraine Woodhouse acquired 1,074 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of GBX 1,853 per share, for a total transaction of £19,901.22. 1.52% of the stock is owned by company insiders.

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.