Associated British Foods plc (ABF.L) – What Are Investment Firms Saying About This Stock?

Shares of Associated British Foods plc (LON:ABF) have earned an average rating of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,782.14.

Several brokerages have commented on ABF. Shore Capital Group reissued a “hold” rating and issued a GBX 1,910 price target on shares of Associated British Foods in a report on Tuesday, October 6th. Citigroup reduced their price target on shares of Associated British Foods from GBX 1,550 to GBX 1,520 and set a “sector perform” rating for the company in a research report on Wednesday, September 23rd. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,050 price target on shares of Associated British Foods in a report on Friday, June 26th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 1,650 price objective on shares of Associated British Foods in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lowered their price objective on Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating on the stock in a research report on Friday, September 11th.

Associated British Foods Stock Performance

Associated British Foods stock opened at GBX 1,841 on Monday. The firm’s 50 day simple moving average is GBX 1,962.77 and its 200 day simple moving average is GBX 1,920.17. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 32.63. The firm has a market capitalization of £12.86 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.51 and a beta of 0.81. Associated British Foods has a 1-year low of GBX 1,729.45 and a 1-year high of GBX 2,359.

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.