Associated British Foods’ (ABF) “Buy” Rating Reiterated at UBS Group

UBS Group reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a research note released on Tuesday, investing.thisismoney.co.uk reports.

ABF has been the subject of a number of other reports. Royal Bank of Canada lowered their price target on Associated British Foods from GBX 3,100 ($40.51) to GBX 2,700 ($35.28) and set an outperform rating for the company in a report on Tuesday, October 16th. Citigroup reaffirmed a buy rating and issued a GBX 2,765 ($36.13) price target on shares of Associated British Foods in a report on Tuesday, August 28th. Goldman Sachs Group lowered their price target on Associated British Foods from GBX 2,840 ($37.11) to GBX 2,500 ($32.67) and set a neutral rating for the company in a report on Tuesday, September 11th. HSBC reaffirmed a buy rating on shares of Associated British Foods in a report on Monday, July 9th. Finally, Barclays lowered their price target on Associated British Foods from GBX 3,340 ($43.64) to GBX 3,280 ($42.86) and set an overweight rating for the company in a report on Tuesday, September 11th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 3,023.63 ($39.51).

Shares of ABF opened at GBX 2,620 ($34.23) on Tuesday. Associated British Foods has a 52-week low of GBX 2,476 ($32.35) and a 52-week high of GBX 3,387 ($44.26).

The company also recently disclosed a dividend, which will be paid on Friday, January 11th. Shareholders of record on Thursday, December 13th will be paid a GBX 33.30 ($0.44) dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a yield of 1.35%. This is a boost from Associated British Foods’s previous dividend of $11.70.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Associated British Foods (LON:ABF)

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