Associated British Foods plc (LON:ABF) has been given a consensus recommendation of “Buy” by the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 2,826.33 ($36.93).
ABF has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th. JPMorgan Chase & Co. set a $60.00 price target on Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, April 8th. Credit Suisse Group began coverage on Yunji in a research note on Wednesday, July 3rd. They issued an “outperform” rating and a $14.50 price target on the stock. Royal Bank of Canada reduced their target price on from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, Shore Capital reissued a “house stock” rating on shares of Global Ports in a research note on Thursday, July 4th.
Associated British Foods stock traded down GBX 2 ($0.03) during trading hours on Tuesday, reaching GBX 2,343 ($30.62). The company had a trading volume of 643,358 shares, compared to its average volume of 972,940. The company has a debt-to-equity ratio of 8.60, a quick ratio of 0.89 and a current ratio of 1.73. The stock has a 50-day simple moving average of GBX 2,437.82. The stock has a market cap of $18.55 billion and a price-to-earnings ratio of 20.23. Associated British Foods has a 12-month low of GBX 2,011 ($26.28) and a 12-month high of GBX 2,659 ($34.74).
The company also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 6th were paid a GBX 12.05 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a yield of 0.47%. Associated British Foods’s payout ratio is 0.39%.
Associated British Foods Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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