Recent Investment Analysts’ Ratings Updates for Associated British Foods (ABF)

Several brokerages have updated their recommendations and price targets on shares of Associated British Foods (LON: ABF) in the last few weeks:

  • 5/10/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 4/25/2019 – Associated British Foods had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 4/25/2019 – Associated British Foods had its price target raised by analysts at Kepler Capital Markets from GBX 2,800 ($36.59) to GBX 2,900 ($37.89). They now have a “buy” rating on the stock.
  • 4/24/2019 – Associated British Foods had its price target raised by analysts at Credit Suisse Group AG from GBX 2,630 ($34.37) to GBX 2,750 ($35.93). They now have an “outperform” rating on the stock.
  • 4/24/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 4/24/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 4/23/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 4/12/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 4/11/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at Liberum Capital.
  • 4/10/2019 – Associated British Foods had its price target raised by analysts at Barclays PLC from GBX 3,300 ($43.12) to GBX 3,400 ($44.43). They now have an “overweight” rating on the stock.
  • 4/10/2019 – Associated British Foods had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 4/9/2019 – Associated British Foods had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 3,200 ($41.81) to GBX 2,800 ($36.59). They now have a “buy” rating on the stock.
  • 4/8/2019 – Associated British Foods had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 2,740 ($35.80) price target on the stock.

ABF opened at GBX 2,510 ($32.80) on Monday. The company has a debt-to-equity ratio of 8.60, a current ratio of 1.73 and a quick ratio of 0.89. The stock has a market capitalization of $19.77 billion and a price-to-earnings ratio of 21.68. Associated British Foods plc has a 12 month low of GBX 2,011 ($26.28) and a 12 month high of GBX 2,846 ($37.19).

Associated British Foods (LON:ABF) last posted its quarterly earnings results on Wednesday, April 24th. The company reported GBX 61.10 ($0.80) EPS for the quarter, missing the consensus estimate of GBX 62 ($0.81) by GBX (0.90) (($0.01)). As a group, sell-side analysts forecast that Associated British Foods plc will post 14942.9996005873 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be issued a GBX 12.05 ($0.16) dividend. This represents a yield of 0.47%. The ex-dividend date of this dividend is Thursday, June 6th. Associated British Foods’s dividend payout ratio (DPR) is 0.39%.

In other news, insider Graham Allan acquired 3,000 shares of Associated British Foods stock in a transaction dated Friday, March 1st. The shares were acquired at an average cost of GBX 2,250 ($29.40) per share, with a total value of £67,500 ($88,200.71).

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.

See Also: Gross Domestic Product (GDP)

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