Associated British Foods plc’s (ABF) “Buy” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report published on Tuesday, MarketBeat.com reports. They currently have a GBX 3,600 ($46.49) price objective on the stock.
Several other research analysts have also weighed in on the stock. HSBC Holdings plc lifted their price objective on shares of Associated British Foods plc from GBX 3,350 ($43.26) to GBX 3,700 ($47.79) and gave the stock a buy rating in a research note on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of 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 note on Thursday, May 18th. Liberum Capital reissued a buy rating and set a GBX 3,150 ($40.68) price objective on shares of Associated British Foods plc in a research note on Wednesday, August 30th. Barclays PLC restated an equal weight rating and set a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a report on Tuesday, August 1st. Finally, Credit Suisse Group restated an outperform rating and set a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a report on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 3,317.87 ($42.85).
Shares of Associated British Foods plc (LON:ABF) opened at 3158.00 on Tuesday. The stock’s 50 day moving average is GBX 3,162.03 and its 200-day moving average is GBX 2,900.11. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,343.00. The firm’s market cap is GBX 24.95 billion.
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.
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