Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by Investec in a research report issued on Wednesday. They presently have a GBX 3,410 ($44.04) target price on the stock. Investec’s target price would suggest a potential upside of 8.53% from the company’s current price.
ABF has been the subject of several other research reports. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,700 ($47.79) price target on shares of Associated British Foods plc in a report on Wednesday, September 6th. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Credit Suisse Group reissued an “outperform” rating and set a GBX 3,600 ($46.49) target price on shares of Associated British Foods plc in a report on Monday. Finally, Liberum Capital reissued a “buy” rating and set a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a report on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 3,298 ($42.59).
Shares of Associated British Foods plc (LON ABF) opened at 3160.00 on Wednesday. The firm’s market capitalization is GBX 24.97 billion. The stock has a 50 day moving average of GBX 3,149.31 and a 200-day moving average of GBX 2,894.56. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,343.00.
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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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