Eoin Tonge Sells 16,741 Shares of Associated British Foods plc (LON:ABF) Stock

Associated British Foods plc (LON:ABF) insider Eoin Tonge sold 16,741 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of GBX 2,070 ($28.24), for a total transaction of £346,538.70 ($472,832.17).

Associated British Foods Price Performance

Shares of ABF stock opened at GBX 2,078 ($28.35) on Friday. Associated British Foods plc has a 1 year low of GBX 1,818.87 ($24.82) and a 1 year high of GBX 2,543 ($34.70). The firm’s 50 day moving average is GBX 2,068.49 and its 200-day moving average is GBX 1,998.99. The firm has a market capitalization of £14.98 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.51 and a beta of 1.24. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 32.88.

Associated British Foods (LON:ABF) last announced its earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.97) earnings per share (EPS) for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. Sell-side analysts forecast that Associated British Foods plc will post 188.0990415 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Associated British Foods in a research report on Tuesday, May 6th.

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.