Associated British Foods plc (LON:ABF) had its price objective upped by J P Morgan Chase & Co from GBX 3,300 ($42.62) to GBX 3,600 ($46.49) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. J P Morgan Chase & Co currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on ABF. Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 3,500 ($45.20) price target on shares of Associated British Foods plc in a research report on Monday, September 11th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 3,600 ($46.49) price target on shares of Associated British Foods plc in a research report on Tuesday. Goldman Sachs Group, Inc. (The) boosted their price target on Associated British Foods plc from GBX 3,000 ($38.74) to GBX 3,200 ($41.33) and gave the stock a buy rating in a research report on Thursday, May 18th. Barclays PLC reaffirmed an equal weight rating and issued a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a research report on Tuesday, August 1st. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 3,317.87 ($42.85).

Shares of Associated British Foods plc (LON:ABF) opened at 3158.00 on Tuesday. The stock has a 50 day moving average price of GBX 3,162.03 and a 200-day moving average price of GBX 2,900.11. Associated British Foods plc has a 1-year low of GBX 2,335.00 and a 1-year high of GBX 3,343.00. The firm’s market cap is GBX 24.95 billion.

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Associated British Foods plc Company Profile

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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