Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group LLC in a report issued on Tuesday. They presently have a GBX 3,600 ($46.49) target price on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 16.02% from the company’s current price.
ABF has been the topic of several other research reports. HSBC Holdings plc reiterated 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 Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 3,500 ($45.20) target price on shares of Associated British Foods plc in a research note on Monday. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 3,600 ($46.49) target price on shares of Associated British Foods plc in a research note on Monday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 3,585 ($46.30) target price on shares of Associated British Foods plc in a research note on Monday. Finally, Liberum Capital reiterated 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 Monday. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Associated British Foods plc currently has an average rating of “Buy” and a consensus price target of GBX 3,270.53 ($42.24).
Shares of Associated British Foods plc (ABF) opened at 3103.00 on Tuesday. Associated British Foods plc has a 1-year low of GBX 2,335.00 and a 1-year high of GBX 3,343.00. The stock’s market cap is GBX 24.52 billion. The firm has a 50-day moving average of GBX 3,142.08 and a 200 day moving average of GBX 2,888.81.
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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.
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