Associated British Foods plc (ABF) Receives Consensus Rating of “Buy” from Brokerages

Associated British Foods plc (LON:ABF) has earned an average recommendation of “Buy” from the twenty brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,439.37 ($48.22).

ABF has been the topic of several research reports. Deutsche Bank reissued a “buy” rating and issued a GBX 3,500 ($49.07) price target on shares of Associated British Foods in a research report on Wednesday, November 8th. reissued a “buy” rating and issued a GBX 3,700 ($51.88) price target on shares of Associated British Foods in a research report on Wednesday, November 8th. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Tuesday, November 7th. Liberum Capital reissued a “buy” rating and issued a GBX 3,150 ($44.17) price target on shares of Associated British Foods in a research report on Tuesday, November 7th. Finally, HSBC reissued a “buy” rating and issued a GBX 3,700 ($51.88) price target on shares of Associated British Foods in a research report on Thursday, November 2nd.

Shares of Associated British Foods (LON ABF) traded down GBX 114 ($1.60) during mid-day trading on Tuesday, reaching GBX 2,609 ($36.58). 1,169,425 shares of the company’s stock traded hands, compared to its average volume of 989,609. The company has a market capitalization of $20,880.00 and a price-to-earnings ratio of 1,716.45. Associated British Foods has a twelve month low of GBX 2,391 ($33.52) and a twelve month high of GBX 3,387 ($47.49).

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 127.10 ($1.78) EPS for the quarter, topping the consensus estimate of GBX 125.90 ($1.77) by GBX 1.20 ($0.02). Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%. The business had revenue of GBX 1,535.70 billion for the quarter.

In other news, insider John Bason sold 21,716 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($42.67), for a total value of £660,817.88 ($926,553.39).

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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)

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