Associated British Foods’ (ABF) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Associated British Foods (LON:ABF) in a report published on Thursday, MarketBeat Ratings reports.

Associated British Foods Trading Up 0.2 %

Shares of ABF opened at GBX 1,883.50 ($23.26) on Thursday. Associated British Foods has a twelve month low of GBX 1,862 ($23.00) and a twelve month high of GBX 2,770.66 ($34.22). The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 33.71. The company’s fifty day simple moving average is GBX 2,103.85 and its 200-day simple moving average is GBX 2,288.26. The company has a market cap of £13.86 billion, a P/E ratio of 1,215.16, a P/E/G ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.43) earnings per share (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, analysts expect that Associated British Foods will post 188.0990415 EPS for the current year.

Associated British Foods Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 12th were given a GBX 69.30 ($0.86) dividend. This represents a yield of 3.03%. The ex-dividend date was Thursday, December 12th. This is an increase from Associated British Foods’s previous dividend of $20.70. Associated British Foods’s dividend payout ratio is 3,483.87%.

Insiders Place Their Bets

In other Associated British Foods news, insider George G. Weston sold 56,653 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($26.69), for a total value of £1,224,271.33 ($1,512,192.85). Also, insider Loraine Woodhouse purchased 4,164 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average cost of GBX 2,389 ($29.51) per share, with a total value of £99,477.96 ($122,872.97). 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.