Associated British Foods (LON:ABF) Hits New 12-Month Low - What's Next?

Associated British Foods plc (LON:ABF - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 2,069 ($26.30) and last traded at GBX 2,072 ($26.34), with a volume of 3475057 shares. The stock had previously closed at GBX 2,106 ($26.77).

Analyst Ratings Changes

ABF has been the topic of a number of research reports. Shore Capital reiterated a "buy" rating on shares of Associated British Foods in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft cut Associated British Foods to a "sell" rating and reduced their target price for the stock from GBX 2,290 ($29.11) to GBX 2,190 ($27.84) in a research report on Tuesday, August 27th.

Associated British Foods Trading Up 0.9 %

The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 33.71. The business has a 50 day moving average price of GBX 2,258.94 and a 200-day moving average price of GBX 2,387.33. The firm has a market cap of £15.38 billion, a price-to-earnings ratio of 1,337.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24.

Associated British Foods Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be paid a dividend of GBX 69.30 ($0.88) per share. The ex-dividend date is Thursday, December 12th. This is a boost from Associated British Foods's previous dividend of $20.70. This represents a dividend yield of 3.03%. Associated British Foods's payout ratio is 3,483.87%.

Insider Buying and Selling

In other Associated British Foods news, insider Loraine Woodhouse bought 4,164 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were bought at an average price of GBX 2,389 ($30.37) per share, for a total transaction of £99,477.96 ($126,465.75). Also, insider George G. Weston sold 56,653 shares of Associated British Foods stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($27.47), for a total transaction of £1,224,271.33 ($1,556,409.01). 58.08% of the stock is owned by corporate insiders.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.