HSBC Holdings plc Reiterates Buy Rating for Associated British Foods plc (ABF)

Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by HSBC Holdings plc in a research report issued on Friday. They currently have a GBX 3,700 ($48.32) price target on the stock. HSBC Holdings plc’s price target would suggest a potential upside of 25.72% from the stock’s current price.

ABF has been the subject of several other reports. Liberum Capital reiterated a “buy” rating and set a GBX 3,100 ($40.48) price target on shares of Associated British Foods plc in a research report on Wednesday, March 29th. Jefferies Group LLC upgraded Associated British Foods plc to a “buy” rating and lifted their price target for the company from GBX 2,450 ($31.99) to GBX 3,100 ($40.48) in a research report on Thursday, April 13th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($41.79) price target on shares of Associated British Foods plc in a research report on Thursday, April 20th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,200 ($41.79) price target on shares of Associated British Foods plc in a research report on Wednesday, April 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 3,000 ($39.17) price target on shares of Associated British Foods plc in a research report on Thursday, April 20th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 3,151.44 ($41.15).

Shares of Associated British Foods plc (LON:ABF) opened at 2943.00 on Friday. The stock’s market capitalization is GBX 23.25 billion. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,183.00. The company has a 50-day moving average of GBX 2,948.25 and a 200 day moving average of GBX 2,733.70.

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About Associated British Foods plc

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.

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

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