Royal Bank of Canada Reiterates Outperform Rating for Associated British Foods (LON:ABF)

Royal Bank of Canada restated their outperform rating on shares of Associated British Foods (LON:ABF - Free Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has a GBX 2,300 ($28.56) target price on the stock.

Separately, Shore Capital reissued a "buy" rating on shares of Associated British Foods in a research report on Thursday, January 23rd.

Associated British Foods Trading Down 1.5 %

Shares of Associated British Foods stock traded down GBX 28 ($0.35) on Tuesday, hitting GBX 1,902 ($23.62). The stock had a trading volume of 2,035,474 shares, compared to its average volume of 5,398,334. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 33.71. Associated British Foods has a one year low of GBX 1,862 ($23.12) and a one year high of GBX 2,770.66 ($34.41). The stock has a market cap of £14.00 billion, a price-to-earnings ratio of 1,227.10, a PEG ratio of 1.51 and a beta of 1.24. The stock's 50-day simple moving average is GBX 2,067.23 and its two-hundred day simple moving average is GBX 2,263.94.

Associated British Foods (LON:ABF - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts predict that Associated British Foods will post 188.0990415 EPS for the current year.

Associated British Foods Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 12th were issued a GBX 69.30 ($0.86) dividend. This represents a yield of 3.03%. This is an increase from Associated British Foods's previous dividend of $20.70. The ex-dividend date of this dividend was Thursday, December 12th. Associated British Foods's dividend payout ratio (DPR) is presently 3,483.87%.

Insider Buying and Selling

In other Associated British Foods news, insider Loraine Woodhouse purchased 4,164 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were bought at an average cost of GBX 2,389 ($29.67) per share, with a total value of £99,477.96 ($123,544.41). Also, insider George G. Weston sold 56,653 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($26.84), for a total value of £1,224,271.33 ($1,520,456.20). 58.08% of the stock is owned by corporate 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.