Associated British Foods (LON:ABF) Stock Price Down 9.2% – What’s Next?

Associated British Foods plc (LON:ABF)’s share price was down 9.2% on Tuesday . The stock traded as low as GBX 2,020 ($27.09) and last traded at GBX 2,034 ($27.28). Approximately 2,897,962 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 5,915,649 shares. The stock had previously closed at GBX 2,239 ($30.03).

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,300 ($30.85) target price on shares of Associated British Foods in a research report on Tuesday, January 28th. Shore Capital reissued an “under review” rating on shares of Associated British Foods in a report on Tuesday.

Associated British Foods Price Performance

The company has a 50-day moving average of GBX 1,972.59 and a 200-day moving average of GBX 2,059.57. The company has a debt-to-equity ratio of 32.88, a quick ratio of 0.93 and a current ratio of 1.78. The stock has a market cap of £15.00 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABF) last released its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.95) earnings per share (EPS) for the quarter. Associated British Foods had a return on equity of 13.07% and a net margin of 7.25%. As a group, equities research analysts predict that Associated British Foods plc will post 188.0990415 earnings per share for the current year.

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.