Liberum Capital restated their buy rating on shares of Associated British Foods plc (LON:ABF) in a research note issued to investors on Monday morning. The brokerage currently has a GBX 3,500 ($43.32) target price on the stock.
A number of other brokerages have also weighed in on ABF. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 3,550 ($43.94) target price on shares of Associated British Foods plc in a research report on Monday, July 4th. Investec decreased their target price on Associated British Foods plc from GBX 3,800 ($47.03) to GBX 2,750 ($34.03) and set a buy rating for the company in a research report on Friday, July 8th. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 3,300 ($40.84) target price on shares of Associated British Foods plc in a research report on Monday, September 19th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 3,200 ($39.60) target price on shares of Associated British Foods plc in a research report on Wednesday, August 31st. Finally, Citigroup Inc. lifted their target price on Associated British Foods plc from GBX 2,600 ($32.18) to GBX 3,000 ($37.13) and gave the company a neutral rating in a research report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 3,054.29 ($37.80).
Shares of Associated British Foods plc (LON:ABF) opened at 2508.00 on Monday. The stock’s market capitalization is GBX 19.81 billion. Associated British Foods plc has a 1-year low of GBX 1,910.00 and a 1-year high of GBX 3,606.00. The stock has a 50 day moving average price of GBX 2,822.06 and a 200-day moving average price of GBX 2,935.94.
In other Associated British Foods plc news, insider Reid ,Richard purchased 3,347 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were bought at an average cost of GBX 2,820 ($34.90) per share, for a total transaction of £94,385.40 ($116,813.61).
About Associated British Foods plc
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.
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