Associated British Foods plc (LON:ABF) Given Average Recommendation of “Hold” by Analysts

Associated British Foods plc (LON:ABFGet Rating) has received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 1,813.33 ($21.44).

Several analysts recently weighed in on ABF shares. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Associated British Foods from GBX 1,575 ($18.62) to GBX 1,600 ($18.92) and gave the company a “hold” rating in a research report on Wednesday, November 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,630 ($19.27) target price on shares of Associated British Foods in a research report on Wednesday, November 9th. Barclays increased their price target on shares of Associated British Foods from GBX 1,500 ($17.74) to GBX 1,700 ($20.10) and gave the stock an “equal weight” rating in a research note on Wednesday, November 9th. Finally, Jefferies Financial Group cut shares of Associated British Foods to a “hold” rating and reduced their target price for the stock from GBX 2,000 ($23.65) to GBX 1,500 ($17.74) in a research note on Tuesday, September 6th.

Associated British Foods Stock Down 0.4 %

Associated British Foods stock opened at GBX 1,576 ($18.64) on Friday. The company has a quick ratio of 0.93, a current ratio of 1.93 and a debt-to-equity ratio of 33.66. The firm’s fifty day moving average is GBX 1,368.31 and its 200 day moving average is GBX 1,523.75. Associated British Foods has a 12-month low of GBX 1,223 ($14.46) and a 12-month high of GBX 2,181 ($25.79). The company has a market capitalization of £12.48 billion and a PE ratio of 1,778.65.

Associated British Foods Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be paid a GBX 29.90 ($0.35) dividend. The ex-dividend date of this dividend is Thursday, December 15th. This is a positive change from Associated British Foods’s previous dividend of $13.80. This represents a dividend yield of 2.09%. Associated British Foods’s dividend payout ratio (DPR) is 30.00%.

About Associated British Foods

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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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Analyst Recommendations for Associated British Foods (LON:ABF)

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