Brokerages Set Associated British Foods plc (LON:ABF) Price Target at GBX 1,931

Core Viewpoint - Associated British Foods plc has received an average recommendation of "Reduce" from six ratings firms, with a 12-month price objective of GBX 1,931 [2]. Analyst Ratings - Deutsche Bank decreased their target price from GBX 2,100 to GBX 1,925 and set a "hold" rating [3] - Jefferies Financial Group reissued an "underperform" rating with a price objective of GBX 1,650 [3] - Shore Capital cut the rating to "hold" [3] - Citigroup raised their price target from GBX 1,830 to GBX 1,840 but maintained a "sell" rating [3] - JPMorgan lowered their target from GBX 2,095 to GBX 1,940 and set a "neutral" rating [3] Insider Activity - Insider Eoin Tonge sold 34,818 shares at an average price of GBX 2,103, totaling £732,222.54 [4] - Insider George G. Weston sold 43,660 shares at the same average price, totaling £918,169.80 [4] - Corporate insiders own 1.50% of the company's stock [4]. Stock Performance - Shares opened at GBX 1,859, with a 52-week low of GBX 1,818.87 and a high of GBX 2,359 [6] - The company has a market capitalization of £13.15 billion, a P/E ratio of 13.13, and a beta of 1.24 [6]. Financial Results - The company reported GBX 174.90 EPS for the last quarter, with a net margin of 7.25% and a return on equity of 13.07% [7] - Analysts expect earnings per share to reach 188.10 for the current fiscal year [7]. Company Overview - Associated British Foods is a diversified international group with sales of £13.9 billion, employing 128,000 people across 53 countries [8]. - The business operates in five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail [9].