Associated British Foods plc’s (ABF) Overweight Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their overweight rating on shares of Associated British Foods plc (LON:ABF) in a research report report published on Monday, StockTargetPrices.com reports. The firm currently has a GBX 3,300 ($43.08) price target on the stock.
Other equities analysts also recently issued reports about the company. Barclays PLC reissued an equal weight rating and set a GBX 2,800 ($36.55) price objective on shares of Associated British Foods plc in a research report on Friday, July 8th. HSBC reissued a buy rating and set a GBX 3,300 ($43.08) price objective on shares of Associated British Foods plc in a research report on Wednesday, August 10th. Berenberg Bank downgraded Associated British Foods plc to a hold rating and boosted their price objective for the stock from GBX 2,760 ($36.03) to GBX 3,000 ($39.16) in a research report on Wednesday, August 31st. Societe Generale reissued a hold rating on shares of Associated British Foods plc in a research report on Tuesday, June 28th. Finally, Liberum Capital reissued a buy rating and set a GBX 3,600 ($46.99) price objective on shares of Associated British Foods plc in a research report on Monday, July 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 3,056.29 ($39.89).
Associated British Foods plc (LON:ABF) opened at 2706.00 on Monday. The firm’s 50-day moving average is GBX 2,940.73 and its 200 day moving average is GBX 3,004.91. The company’s market capitalization is GBX 21.37 billion. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00.
In related news, insider Reid ,Richard acquired 3,347 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were acquired at an average price of GBX 2,820 ($36.81) per share, with a total value of £94,385.40 ($123,202.45). Also, insider Hauser,Wolfhart acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The shares were bought at an average cost of GBX 2,659 ($34.71) per share, for a total transaction of £53,180 ($69,416.53).
About Associated British Foods plc
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.
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