Associated British Foods plc (LON:ABF) Insider Dame Heather Rabbatts Buys 395 Shares

Associated British Foods plc (LON:ABFGet Free Report) insider Dame Heather Rabbatts acquired 395 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of GBX 2,512 ($31.87) per share, for a total transaction of £9,922.40 ($12,587.09).

Associated British Foods Stock Down 0.8 %

Associated British Foods stock traded down GBX 21 ($0.27) during mid-day trading on Tuesday, reaching GBX 2,498 ($31.69). 3,033,703 shares of the company were exchanged, compared to its average volume of 1,016,635. 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 £18.77 billion, a P/E ratio of 1,625.16, a PEG ratio of 1.39 and a beta of 1.23. The business has a fifty day moving average of GBX 2,606.74 and a 200 day moving average of GBX 2,434.94. Associated British Foods plc has a 12-month low of GBX 1,907.50 ($24.20) and a 12-month high of GBX 2,770.66 ($35.15).

Associated British Foods Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 20.70 ($0.26) per share. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 30th. Associated British Foods’s dividend payout ratio (DPR) is currently 3,483.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ABF shares. JPMorgan Chase & Co. raised their price target on Associated British Foods from GBX 2,000 ($25.37) to GBX 2,250 ($28.54) and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Thursday, April 18th.

Read Our Latest Stock Analysis on Associated British Foods

Associated British Foods Company Profile

(Get Free Report)

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.

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