Associated British Foods plc (ABF) Stock Rating Reaffirmed by Liberum Capital

Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a report released on Wednesday. They presently have a GBX 3,100 ($39.02) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 12.32% from the company’s current price.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Associated British Foods plc in a research note on Tuesday, March 14th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 3,050 ($38.39) target price on shares of Associated British Foods plc in a research note on Monday, January 23rd. Numis Securities Ltd lowered shares of Associated British Foods plc to a “hold” rating and lowered their target price for the company from GBX 3,128 ($39.37) to GBX 2,860 ($36.00) in a research note on Friday, March 17th. BNP Paribas lowered shares of Associated British Foods plc to a “neutral” rating and lowered their target price for the company from GBX 2,900 ($36.50) to GBX 2,800 ($35.24) in a research note on Friday, January 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 3,200 ($40.28) target price on shares of Associated British Foods plc in a research note on Monday, January 9th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 3,032.50 ($38.17).

Analyst Recommendations for Associated British Foods plc (LON:ABF)

Shares of Associated British Foods plc (LON:ABF) opened at 2760.00 on Wednesday. The stock’s market capitalization is GBX 21.81 billion. Associated British Foods plc has a 52 week low of GBX 1,910.00 and a 52 week high of GBX 3,343.00. The stock’s 50 day moving average is GBX 2,622.75 and its 200 day moving average is GBX 2,579.55.

The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 8th will be issued a dividend of GBX 11.35 ($0.14) per share. This represents a dividend yield of 0.41%. The ex-dividend date is Thursday, June 8th.

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In other Associated British Foods plc news, insider Ruth Cairnie acquired 876 shares of Associated British Foods plc stock in a transaction dated Thursday, February 9th. The stock was bought at an average cost of GBX 2,489 ($31.33) per share, with a total value of £21,803.64 ($27,443.22).

Associated British Foods plc Company Profile

Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.

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