Kepler Capital Markets reissued their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report sent to investors on Monday morning. They currently have a GBX 3,300 ($42.62) price target on the stock.
Other equities research analysts have also issued reports about the stock. HSBC Holdings plc reiterated a buy rating and set a GBX 3,700 ($47.79) target price on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Deutsche Bank AG reiterated a buy rating and set a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Jefferies Group LLC lifted their target price on shares of Associated British Foods plc from GBX 3,100 ($40.04) to GBX 3,500 ($45.20) and gave the company a buy rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) lifted their target price on shares of Associated British Foods plc from GBX 3,000 ($38.74) to GBX 3,200 ($41.33) and gave the company a buy rating in a research report on Thursday, May 18th. Finally, Shore Capital reiterated a buy rating on shares of Associated British Foods plc in a research report on Thursday, July 6th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 3,298 ($42.59).
Associated British Foods plc (LON ABF) opened at 3169.00 on Monday. The company’s 50-day moving average is GBX 3,156.19 and its 200-day moving average is GBX 2,898.30. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,343.00. The firm’s market capitalization is GBX 25.04 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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