Associated British Foods plc’s (ABF) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report issued on Tuesday morning. The firm currently has a GBX 3,600 ($46.49) target price on the stock.

A number of other equities research analysts have also weighed in on the stock. 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 report on Tuesday. Royal Bank Of Canada restated an outperform rating and issued a GBX 3,500 ($45.20) price objective on shares of Associated British Foods plc in a report on Monday. Credit Suisse Group restated an outperform rating and issued a GBX 3,600 ($46.49) price objective on shares of Associated British Foods plc in a report on Monday. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 3,585 ($46.30) price objective on shares of Associated British Foods plc in a report on Monday. Finally, Liberum Capital restated a buy rating and issued a GBX 3,150 ($40.68) price objective on shares of Associated British Foods plc in a report on Monday. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Associated British Foods plc currently has a consensus rating of Buy and a consensus target price of GBX 3,290.53 ($42.50).

Associated British Foods plc (ABF) opened at 3158.00 on Tuesday. 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’s market capitalization is GBX 24.95 billion. The firm has a 50-day moving average of GBX 3,149.31 and a 200 day moving average of GBX 2,894.56.

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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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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