Associated British Foods plc (ABF) Price Target Raised to GBX 3,600 at J P Morgan Chase & Co

Associated British Foods plc (LON:ABF) had its price target lifted by analysts at J P Morgan Chase & Co from GBX 3,300 ($42.62) to GBX 3,600 ($46.49) in a research note issued on Tuesday. The firm currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 16.02% from the stock’s previous close.

ABF has been the topic of a number of other research reports. HSBC Holdings plc reissued a “buy” rating and issued a GBX 3,700 ($47.79) target price on shares of Associated British Foods plc in a research note on Wednesday, June 7th. Liberum Capital reissued a “buy” rating and issued a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Barclays PLC reissued an “equal weight” rating and issued a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Credit Suisse Group upped their target price on shares of Associated British Foods plc from GBX 3,200 ($41.33) to GBX 3,350 ($43.26) and gave the company an “outperform” rating in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a research note on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,290.53 ($42.50).

Associated British Foods plc (ABF) opened at 3123.00 on Tuesday. The firm has a 50-day moving average price of GBX 3,142.08 and a 200-day moving average price of GBX 2,888.81. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,343.00. The firm’s market capitalization is GBX 24.67 billion.

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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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