Associated British Foods (ABF) Price Target Increased to GBX 2,750 by Analysts at Credit Suisse Group

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Associated British Foods (LON:ABF) had its target price lifted by Credit Suisse Group from GBX 2,630 ($34.37) to GBX 2,750 ($35.93) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other analysts have also weighed in on ABF. HSBC restated a buy rating on shares of Associated British Foods in a research report on Thursday, January 10th. UBS Group restated a buy rating on shares of Associated British Foods in a research report on Friday, January 11th. Liberum Capital reaffirmed a buy rating on shares of Associated British Foods in a research note on Thursday, January 17th. Shore Capital reaffirmed a buy rating on shares of Associated British Foods in a research note on Thursday, January 17th. Finally, Barclays reaffirmed an overweight rating and set a GBX 3,280 ($42.86) price target on shares of Associated British Foods in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 2,896.69 ($37.85).

Shares of Associated British Foods stock opened at GBX 2,566 ($33.53) on Wednesday. Associated British Foods has a fifty-two week low of GBX 2,011 ($26.28) and a fifty-two week high of GBX 2,846 ($37.19). The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 8.37. The company has a market capitalization of $20.21 billion and a price-to-earnings ratio of 20.13.

Associated British Foods (LON:ABF) last issued its earnings results on Wednesday, April 24th. The company reported GBX 61.10 ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 62 ($0.81) by GBX (0.90) (($0.01)). Equities analysts anticipate that Associated British Foods will post 14942.9997727022 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 12.05 ($0.16) per share. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, June 6th. Associated British Foods’s payout ratio is currently 0.35%.

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

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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Analyst Recommendations for Associated British Foods (LON:ABF)

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