Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 3,500 ($47.11) price objective on the stock. Liberum Capital’s price objective points to a potential upside of 25.04% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on ABF. Jefferies Group increased their target price on Associated British Foods from GBX 3,500 ($47.11) to GBX 3,600 ($48.45) and gave the company a “buy” rating in a report on Wednesday, August 30th. Goldman Sachs Group increased their target price on Associated British Foods from GBX 3,330 ($44.82) to GBX 3,585 ($48.25) and gave the company a “buy” rating in a report on Thursday, August 31st. Credit Suisse Group upped their price target on Associated British Foods from GBX 3,350 ($45.09) to GBX 3,600 ($48.45) and gave the company an “outperform” rating in a research report on Friday, September 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 3,300 ($44.41) price target on shares of Associated British Foods in a research report on Wednesday, September 6th. Finally, reaffirmed a “buy” rating and set a GBX 3,700 ($49.80) price target on shares of Associated British Foods in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 3,395.90 ($45.71).
Associated British Foods (ABF) opened at GBX 2,799 ($37.67) on Tuesday. Associated British Foods has a fifty-two week low of GBX 2,335 ($31.43) and a fifty-two week high of GBX 3,387 ($45.59).
In related news, insider John Bason sold 21,716 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of GBX 3,043 ($40.96), for a total value of £660,817.88 ($889,391.49).
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Associated British Foods 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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