Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a report released on Monday. They currently have a GBX 3,150 ($40.68) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 0.25% from the stock’s previous close.
ABF has been the topic of a number of other reports. HSBC Holdings plc restated a “buy” rating and issued a GBX 3,700 ($47.79) price objective on shares of Associated British Foods plc in a research note on Wednesday, June 7th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 3,300 ($42.62) price objective on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Barclays PLC restated an “equal weight” rating and issued a GBX 3,150 ($40.68) price objective on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Credit Suisse Group lifted their price objective on shares of Associated British Foods plc from GBX 3,200 ($41.33) to GBX 3,350 ($43.26) and gave the company an “outperform” rating in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 3,200 ($41.33) price objective on shares of Associated British Foods plc in a research note on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Associated British Foods plc has an average rating of “Buy” and an average price target of GBX 3,290.53 ($42.50).
Shares of Associated British Foods plc (LON ABF) opened at 3150.00 on Monday. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,343.00. The firm has a 50-day moving average of GBX 3,149.31 and a 200 day moving average of GBX 2,894.56. The stock’s market capitalization is GBX 24.89 billion.
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Associated British Foods plc 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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