Credit Suisse Group reiterated their outperform rating on shares of Associated British Foods plc (LON:ABF) in a research note published on Tuesday morning. They currently have a GBX 3,600 ($48.54) price objective on the stock.

A number of other research analysts also recently commented on the company. HSBC Holdings plc restated a buy rating and issued a GBX 3,700 ($49.89) target price on shares of Associated British Foods plc in a research note on Friday, July 21st. Liberum Capital restated a buy rating and issued a GBX 3,150 ($42.47) target price on shares of Associated British Foods plc in a research note on Wednesday, August 30th. Jefferies Group LLC boosted their target price on Associated British Foods plc from GBX 3,100 ($41.80) to GBX 3,500 ($47.19) and gave the company a buy rating in a research note on Tuesday, May 23rd. Barclays PLC restated an equal weight rating and issued a GBX 3,150 ($42.47) target price on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 3,200 ($43.14) target price on shares of Associated British Foods plc in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 3,341.75 ($45.06).

Associated British Foods plc (ABF) opened at 3214.00 on Tuesday. 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 stock has a 50 day moving average price of GBX 3,174.03 and a 200 day moving average price of GBX 2,912.63. The firm’s market capitalization is GBX 25.39 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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