Associated British Foods plc’s (ABF) Buy Rating Reaffirmed at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) restated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report issued on Friday morning. They currently have a GBX 3,585 ($48.33) price objective on the stock.
ABF has been the topic of several other reports. Kepler Capital Markets reissued a buy rating and issued a GBX 3,300 ($44.49) price target on shares of Associated British Foods plc in a research note on Monday, September 11th. Societe Generale raised their price target on shares of Associated British Foods plc from GBX 3,600 ($48.54) to GBX 3,650 ($49.21) and gave the stock a buy rating in a research note on Friday. Credit Suisse Group reissued an outperform rating and issued a GBX 3,600 ($48.54) price target on shares of Associated British Foods plc in a research note on Tuesday. HSBC Holdings plc reissued a buy rating and issued a GBX 3,700 ($49.89) price target on shares of Associated British Foods plc in a research note on Tuesday, September 12th. Finally, Berenberg Bank raised their price target on shares of Associated British Foods plc from GBX 3,100 ($41.80) to GBX 3,200 ($43.14) and gave the stock a hold rating in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 3,341.75 ($45.06).
Shares of Associated British Foods plc (ABF) traded up 0.34% during mid-day trading on Friday, reaching GBX 3223.00. 543,180 shares of the company’s stock traded hands. The company’s 50 day moving average is GBX 3,174.03 and its 200 day moving average is GBX 2,912.63. The company’s market cap is GBX 25.46 billion. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,343.00.
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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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