Kepler Capital Markets restated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report issued on Monday, September 11th. The firm currently has a GBX 3,300 ($44.38) price target on the stock.
ABF has been the topic of several other reports. HSBC Holdings plc increased their target price on shares of Associated British Foods plc from GBX 3,350 ($45.05) to GBX 3,700 ($49.76) and gave the stock a buy rating in a report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) increased their target price on shares of Associated British Foods plc from GBX 3,000 ($40.34) to GBX 3,200 ($43.03) and gave the stock a buy rating in a report on Thursday, May 18th. Jefferies Group LLC increased their target price on shares of Associated British Foods plc from GBX 3,100 ($41.69) to GBX 3,500 ($47.07) and gave the stock a buy rating in a report on Tuesday, May 23rd. Deutsche Bank AG restated a buy rating and set a GBX 3,200 ($43.03) price objective on shares of Associated British Foods plc in a report on Wednesday, June 7th. Finally, Credit Suisse Group restated an outperform rating and set a GBX 3,200 ($43.03) price objective on shares of Associated British Foods plc in a report on Thursday, June 15th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 3,341.75 ($44.94).
Shares of Associated British Foods plc (ABF) opened at 3167.00 on Monday. Associated British Foods plc has a one year low of GBX 2,335.00 and a one year high of GBX 3,343.00. The firm’s 50-day moving average price is GBX 3,174.03 and its 200 day moving average price is GBX 2,912.63. The stock’s market cap is GBX 25.02 billion.
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About Associated British Foods plc
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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