Associated British Foods (LON:ABF) Hits New 52-Week Low – What’s Next?

Associated British Foods plc (LON:ABF) hit a new 52-week low on Monday . The company traded as low as GBX 1,857.50 ($23.18) and last traded at GBX 1,863.69 ($23.26), with a volume of 1190238 shares traded. The stock had previously closed at GBX 1,902 ($23.74).

Analyst Ratings Changes

Several brokerages have recently issued reports on ABF. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,300 ($28.71) target price on shares of Associated British Foods in a research note on Tuesday, January 28th.

Associated British Foods Stock Performance

The stock’s 50 day simple moving average is GBX 2,054.88 and its two-hundred day simple moving average is GBX 2,255.56. The company has a debt-to-equity ratio of 33.71, a current ratio of 1.79 and a quick ratio of 0.93. The stock has a market cap of £13.44 billion, a P/E ratio of 1,178.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last posted its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.46) EPS for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. As a group, research analysts forecast that Associated British Foods plc will post 188.0990415 EPS for the current year.

Insider Buying and Selling at Associated British Foods

In other news, insider George G. Weston sold 56,653 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.97), for a total transaction of £1,224,271.33 ($1,528,047.09). Company insiders own 58.08% of the company’s stock.

Associated British Foods Company Profile

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.