Associated British Foods plc (LON:ABF) Receives “Hold” Rating from Kepler Capital Markets

Associated British Foods plc (LON:ABF)‘s stock had its “hold” rating reiterated by equities researchers at Kepler Capital Markets in a research report issued on Thursday, July 6th. They currently have a GBX 2,900 ($37.78) price objective on the stock. Kepler Capital Markets’ price objective would suggest a potential downside of 2.09% from the stock’s previous close.

Other analysts have also issued reports about the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($41.69) target price on shares of Associated British Foods plc in a report on Thursday, April 20th. Liberum Capital reiterated a “buy” rating and set a GBX 3,100 ($40.39) target price on shares of Associated British Foods plc in a report on Wednesday, April 19th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 3,350 ($43.64) price target on shares of Associated British Foods plc in a research note on Wednesday, March 22nd. Jefferies Group LLC raised shares of Associated British Foods plc to a “buy” rating and increased their price target for the stock from GBX 2,450 ($31.92) to GBX 3,100 ($40.39) in a research note on Thursday, April 13th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 3,000 ($39.08) target price on shares of Associated British Foods plc in a research note on Thursday, April 20th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 3,151.44 ($41.06).

Associated British Foods plc (LON ABF) traded down 0.70% on Thursday, hitting GBX 2962.00. The stock had a trading volume of 443,239 shares. The company’s market cap is GBX 23.40 billion. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,183.00. The stock’s 50-day moving average is GBX 2,939.43 and its 200-day moving average is GBX 2,743.14.

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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.

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

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