Associated British Foods (LON: ABF)‘s stock had its “market perform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Thursday. They currently have a $22.83 (1425 GBX) target price on the stock.

Shares of Associated British Foods opened at 1522.00 on Thursday. Associated British Foods has a one year low of GBX 1118.00 and a one year high of GBX 1597.00. The stock’s 50-day moving average is currently GBX 1299.56. The company’s market cap is £12.007 billion.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Tuesday. They now have a $22.56 price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Associated British Foods in a research note to investors on Thursday, December 13th. They now have a $23.81 price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Monday, November 26th. They now have a $22.44 price target on the stock.

Associated British Foods plc (ABF) is a holding company. The Company is engaged in the processing and manufacture of food worldwide and textile retailing in the United Kingdom and continental Europe.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.