Associated British Foods (LON:ABF) Price Target Lowered to GBX 1,520 at Citigroup

by · The Markets Daily

Associated British Foods (LON:ABF – Get Free Report) had its price objective dropped by equities research analysts at Citigroup from GBX 1,550 to GBX 1,520 in a research report issued on Wednesday, Digital Look reports. The firm presently has a “sector perform” rating on the stock. Citigroup’s price objective indicates a potential downside of 17.70% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Shore Capital Group reiterated a “hold” rating and issued a GBX 2,010 price target on shares of Associated British Foods in a research report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of Associated British Foods from GBX 1,700 to GBX 1,645 and set a “neutral” rating for the company in a research note on Friday, September 11th. UBS Group reiterated a “neutral” rating and issued a GBX 2,050 target price on shares of Associated British Foods in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Associated British Foods from GBX 1,925 to GBX 1,850 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 1,650 price target on shares of Associated British Foods in a report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of GBX 1,796.43.

Get Our Latest Analysis on Associated British Foods

Associated British Foods Stock Performance

Shares of LON ABF opened at GBX 1,847 on Wednesday. The stock’s fifty day simple moving average is GBX 2,012.11 and its 200 day simple moving average is GBX 1,920.87. The stock has a market capitalization of £12.90 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.51 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 1.51 and a debt-to-equity ratio of 32.63. Associated British Foods has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359.

Associated British Foods Company Profile

(Get Free Report)

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia.

Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.

Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.

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