Associated British Foods (LON:ABF) Hits New 1-Year Low - What's Next?

Associated British Foods plc (LON:ABF - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as GBX 2,035 ($25.53) and last traded at GBX 2,037 ($25.56), with a volume of 841072 shares traded. The stock had previously closed at GBX 2,044 ($25.65).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "buy" rating on shares of Associated British Foods in a report on Tuesday, September 3rd.

Associated British Foods Price Performance

The company has a market capitalization of £14.98 billion, a P/E ratio of 1,313.55, a PEG ratio of 1.51 and a beta of 1.24. 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 simple moving average of GBX 2,210.30 and a 200-day simple moving average of GBX 2,349.73.

Associated British Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 12th will be given a GBX 69.30 ($0.87) dividend. The ex-dividend date is Thursday, December 12th. This is an increase from Associated British Foods's previous dividend of $20.70. This represents a yield of 3.03%. Associated British Foods's dividend payout ratio (DPR) is currently 3,483.87%.

Insider Buying and Selling at Associated British Foods

In related news, insider George G. Weston sold 56,653 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of GBX 2,161 ($27.11), for a total value of £1,224,271.33 ($1,536,099.54). Also, insider Loraine Woodhouse bought 4,164 shares of the stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of GBX 2,389 ($29.97) per share, for a total transaction of £99,477.96 ($124,815.51). 58.08% of the stock is currently owned by company 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.