Associated British Foods (LON:ABF) Reaches New 12-Month Low – Here’s Why

Associated British Foods plc (LON:ABF) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 2,156 ($27.28) and last traded at GBX 2,165 ($27.39), with a volume of 1129542 shares. The stock had previously closed at GBX 2,188 ($27.69).

Analyst Upgrades and Downgrades

ABF has been the subject of a number of recent research reports. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft cut Associated British Foods to a “sell” rating and decreased their price target for the stock from GBX 2,290 ($28.98) to GBX 2,190 ($27.71) in a research note on Tuesday, August 27th.

Associated British Foods Stock Performance

The company has a debt-to-equity ratio of 33.71, a quick ratio of 0.93 and a current ratio of 1.79. The firm has a market cap of £15.81 billion, a P/E ratio of 1,390.97, a P/E/G ratio of 1.51 and a beta of 1.24. The business’s 50-day simple moving average is GBX 2,283.28 and its 200 day simple moving average is GBX 2,449.99.

Associated British Foods Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be given a GBX 69.30 ($0.88) dividend. This represents a yield of 3.03%. This is a boost from Associated British Foods’s previous dividend of $20.70. The ex-dividend date is Thursday, December 12th. Associated British Foods’s dividend payout ratio (DPR) is presently 3,483.87%.

Insider Activity at Associated British Foods

In other news, insider Loraine Woodhouse purchased 4,164 shares of the stock in a transaction on Wednesday, November 6th. The shares were acquired at an average price of GBX 2,389 ($30.23) per share, with a total value of £99,477.96 ($125,873.67). 58.08% of the stock is currently owned by company 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.