Associated British Foods plc (LON:ABF) has been assigned an average rating of “Buy” from the twenty-one analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 3,395.90 ($46.05).

ABF has been the subject of a number of analyst reports. Deutsche Bank reiterated a “buy” rating and set a GBX 3,500 ($47.46) price objective on shares of Associated British Foods in a report on Wednesday, October 11th. Berenberg Bank lifted their price objective on shares of Associated British Foods from GBX 3,100 ($42.04) to GBX 3,200 ($43.40) and gave the company a “hold” rating in a report on Monday, September 18th. Royal Bank of Canada reiterated a “sector performer” rating and set a GBX 3,100 ($42.04) price objective on shares of Associated British Foods in a report on Monday. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,600 ($48.82) price objective on shares of Associated British Foods in a report on Wednesday, September 27th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 3,150 ($42.72) price objective on shares of Associated British Foods in a report on Tuesday, November 7th.

In other Associated British Foods news, insider John Bason sold 21,716 shares of Associated British Foods stock in a transaction dated Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($41.27), for a total value of £660,817.88 ($896,145.76).

Associated British Foods (LON:ABF) traded up GBX 7 ($0.09) during trading hours on Friday, reaching GBX 2,825 ($38.31). 812,133 shares of the company’s stock were exchanged, compared to its average volume of 869,344. The firm has a market capitalization of $22,440.00 and a PE ratio of 1,858.55. Associated British Foods has a 1-year low of GBX 2,335 ($31.67) and a 1-year high of GBX 3,387 ($45.93).

Associated British Foods (LON:ABF) last posted its quarterly earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.72) EPS for the quarter, topping analysts’ consensus estimates of GBX 125.90 ($1.71) by GBX 1.20 ($0.02). The business had revenue of GBX 1,535.70 billion during the quarter. Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%.

The business also recently disclosed a dividend, which will be paid on Friday, January 12th. Shareholders of record on Thursday, December 14th will be given a GBX 29.65 ($0.40) dividend. This is a positive change from Associated British Foods’s previous dividend of $11.35. The ex-dividend date is Thursday, December 14th. This represents a yield of 0.97%.

ILLEGAL ACTIVITY WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/12/associated-british-foods-plc-abf-receives-average-rating-of-buy-from-analysts.html.

Associated British Foods Company Profile

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

Analyst Recommendations for Associated British Foods (LON:ABF)

Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.