Barclays PLC reissued their equal weight rating on shares of Associated British Foods plc (LON:ABF) in a report published on Friday. They currently have a GBX 3,050 ($37.75) target price on the stock.
A number of other analysts have also issued reports on the company. Goldman Sachs Group Inc. restated a sell rating and issued a GBX 2,600 ($32.18) target price on shares of Associated British Foods plc in a report on Monday, June 27th. Royal Bank Of Canada upgraded Associated British Foods plc to an outperform rating and increased their target price for the company from GBX 2,800 ($34.65) to GBX 3,400 ($42.08) in a report on Tuesday, August 30th. Morgan Stanley lowered Associated British Foods plc to an equal weight rating and reduced their target price for the company from GBX 3,500 ($43.32) to GBX 2,650 ($32.80) in a report on Wednesday, June 22nd. BNP Paribas restated an outperform rating and issued a GBX 3,300 ($40.84) target price on shares of Associated British Foods plc in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 3,200 ($39.60) target price on shares of Associated British Foods plc in a report on Monday, September 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 3,054.29 ($37.80).
Shares of Associated British Foods plc (LON:ABF) opened at 2504.00 on Friday. Associated British Foods plc has a 52-week low of GBX 1,910.00 and a 52-week high of GBX 3,606.00. The stock’s market cap is GBX 19.78 billion. The firm’s 50-day moving average price is GBX 2,813.46 and its 200-day moving average price is GBX 2,930.58.
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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