Associated British Foods (LON:ABF) Hits New 52-Week Low - Time to Sell?

Associated British Foods plc (LON:ABF - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,857.50 ($23.10) and last traded at GBX 1,863.69 ($23.18), with a volume of 1190238 shares changing hands. The stock had previously closed at GBX 1,902 ($23.65).

Analyst Ratings Changes

Several brokerages have recently weighed in on ABF. Shore Capital reissued a "buy" rating on shares of Associated British Foods in a research report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a GBX 2,300 ($28.60) price objective on shares of Associated British Foods in a research report on Tuesday, January 28th.

Associated British Foods Trading Up 0.7 %

The stock has a market capitalization of £13.80 billion, a P/E ratio of 1,209.68, a P/E/G ratio of 1.51 and a beta of 1.24. 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 business has a 50-day moving average price of GBX 2,040.67 and a two-hundred day moving average price of GBX 2,247.01.

Associated British Foods (LON:ABF - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported GBX 196.90 ($2.45) earnings per share for the quarter. Associated British Foods had a net margin of 5.92% and a return on equity of 10.69%. On average, analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current fiscal year.

Insider Transactions at Associated British Foods

In other news, insider George G. Weston sold 56,653 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.87), for a total transaction of £1,224,271.33 ($1,522,536.16). 58.08% of the stock is currently owned by insiders.

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.