HSBC Holdings plc restated their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report sent to investors on Tuesday, StockTargetPrices.com reports. HSBC Holdings plc currently has a GBX 3,700 ($47.79) target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a research report on Tuesday, June 20th. Kepler Capital Markets reiterated a hold rating and set a GBX 2,900 ($37.45) price target on shares of Associated British Foods plc in a research report on Thursday, July 6th. Liberum Capital reiterated a buy rating and set a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a research report on Thursday, July 6th. Deutsche Bank AG reiterated a buy rating and set a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a research report on Friday, June 30th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a research report on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Associated British Foods plc currently has a consensus rating of Buy and a consensus price target of GBX 3,298 ($42.59).

Shares of Associated British Foods plc (ABF) opened at 3155.00 on Tuesday. 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 company’s market capitalization is GBX 24.93 billion. The company’s 50-day moving average is GBX 3,156.19 and its 200-day moving average is GBX 2,898.30.

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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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