Associated British Foods plc (LON:ABF) had its target price upped by Kepler Capital Markets from GBX 3,300 ($43.40) to GBX 3,400 ($44.72) in a research report sent to investors on Monday. They currently have a buy rating on the stock.
ABF has been the subject of several other research reports. reiterated a buy rating and set a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a research note on Wednesday, September 6th. Credit Suisse Group AG reiterated an outperform rating and set a GBX 3,600 ($47.35) target price on shares of Associated British Foods plc in a research note on Monday, September 11th. Liberum Capital reiterated a buy rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a research note on Wednesday, August 30th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 3,600 ($47.35) target price on shares of Associated British Foods plc in a research note on Wednesday, November 8th. Finally, Deutsche Bank AG boosted their target price on shares of Associated British Foods plc from GBX 3,300 ($43.40) to GBX 3,500 ($46.03) and gave the company a buy rating in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 3,361.47 ($44.21).
Associated British Foods plc (ABF) traded down GBX 12 ($0.16) during mid-day trading on Monday, reaching GBX 3,068 ($40.35). 751,616 shares of the company’s stock traded hands, compared to its average volume of 802,850. Associated British Foods plc has a 12-month low of GBX 2,335 ($30.71) and a 12-month high of GBX 3,387 ($44.55).
Associated British Foods plc (LON:ABF) last released its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share for the quarter, beating the consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). Associated British Foods plc had a net margin of 7.01% and a return on equity of 12.97%. The firm had revenue of GBX 1,535.70 billion during the quarter.
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The business also recently announced a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be given a GBX 29.65 ($0.39) dividend. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Associated British Foods plc’s previous dividend of $11.35.
Associated British Foods plc 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.
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