Associated British Foods (LON:ABF) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of Associated British Foods (LON:ABFFree Report) in a report released on Thursday morning, MarketBeat reports.

Associated British Foods Stock Performance

Shares of ABF stock opened at GBX 1,884.50 ($23.52) on Thursday. Associated British Foods has a one year low of GBX 1,862 ($23.24) and a one year high of GBX 2,770.66 ($34.59). The firm has a 50-day moving average of GBX 2,090.20 and a 200-day moving average of GBX 2,281.43. 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 company has a market cap of £13.87 billion, a P/E ratio of 1,215.81, a P/E/G ratio of 1.51 and a beta of 1.24.

Associated British Foods (LON:ABFGet Free Report) 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 return on equity of 10.69% and a net margin of 5.92%. Equities research analysts forecast that Associated British Foods will post 188.0990415 EPS for the current fiscal year.

Associated British Foods Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 12th were given a GBX 69.30 ($0.87) dividend. This is a positive change from Associated British Foods’s previous dividend of $20.70. This represents a dividend yield of 3.03%. The ex-dividend date was Thursday, December 12th. Associated British Foods’s dividend payout ratio (DPR) is 3,483.87%.

Insider Transactions at Associated British Foods

In other news, insider Loraine Woodhouse purchased 4,164 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of GBX 2,389 ($29.82) per share, with a total value of £99,477.96 ($124,176.71). Also, 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 ($26.98), for a total value of £1,224,271.33 ($1,528,237.84). Insiders own 58.08% of the company’s stock.

About Associated British Foods

(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.

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