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

Associated British Foods plc (LON:ABF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 2,035 ($25.60) and last traded at GBX 2,037 ($25.63), with a volume of 841072 shares traded. The stock had previously closed at GBX 2,044 ($25.71).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday, September 3rd.

Associated British Foods Trading Down 0.4 %

The company has a market cap of £14.98 billion, a price-to-earnings ratio of 1,313.55, a PEG ratio of 1.51 and a beta of 1.24. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 33.71. The business’s 50 day moving average price is GBX 2,216.56 and its 200-day moving average price is GBX 2,353.47.

Associated British Foods Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 69.30 ($0.87) per share. The ex-dividend date of this dividend 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 3,483.87%.

Insider Transactions at Associated British Foods

In other news, insider George G. Weston sold 56,653 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of GBX 2,161 ($27.19), for a total transaction of £1,224,271.33 ($1,540,157.67). Also, insider Loraine Woodhouse purchased 4,164 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of GBX 2,389 ($30.05) per share, with a total value of £99,477.96 ($125,145.25). Corporate insiders own 58.08% of the company’s stock.

About Associated British Foods

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.