Associated British Foods plc (LON:ABF)’s share price dropped 0% during trading on Wednesday . The company traded as low as GBX 3,100 ($40.77) and last traded at GBX 3,067 ($40.34). Approximately 877,235 shares were traded during trading, an increase of 8% from the average daily volume of 814,263 shares. The stock had previously closed at GBX 3,067 ($40.34).
ABF has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 3,585 ($47.15) price target on shares of Associated British Foods plc in a report on Monday, September 11th. Liberum Capital reiterated a “buy” rating and set a GBX 3,150 ($41.43) price target on shares of Associated British Foods plc in a report on Monday, September 11th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 3,300 ($43.40) price target on shares of Associated British Foods plc in a report on Monday, September 11th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods plc in a report on Monday, September 11th. Finally, Deutsche Bank AG lifted their price target on Associated British Foods plc from GBX 3,300 ($43.40) to GBX 3,500 ($46.03) and gave the stock a “buy” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 3,383.40 ($44.50).
Associated British Foods plc (LON:ABF) last issued its quarterly earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). The business had revenue of GBX 1,535.70 billion during the quarter. Associated British Foods plc had a return on equity of 12.97% and a net margin of 7.01%.
The business also recently declared a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be paid a GBX 29.65 ($0.39) dividend. This is a boost from Associated British Foods plc’s previous dividend of $11.35. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 14th.
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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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