Associated British Foods plc (LON:ABF) had its target price upped by investment analysts at Societe Generale from GBX 3,600 ($48.54) to GBX 3,650 ($49.21) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Societe Generale’s target price would indicate a potential upside of 13.25% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Berenberg Bank lifted their target price on 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. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,600 ($48.54) target price on shares of Associated British Foods plc in a research note on Tuesday, September 19th. Investec reiterated a “buy” rating and set a GBX 3,410 ($45.98) target price on shares of Associated British Foods plc in a research note on Wednesday, September 13th. J P Morgan Chase & Co lifted their target price on Associated British Foods plc from GBX 3,300 ($44.49) to GBX 3,600 ($48.54) and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 3,600 ($48.54) target price on shares of Associated British Foods plc in a research note on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Associated British Foods plc has an average rating of “Buy” and an average target price of GBX 3,341.75 ($45.06).

Associated British Foods plc (LON ABF) opened at 3223.00 on Friday. The company’s market capitalization is GBX 25.46 billion. The stock has a 50 day moving average of GBX 3,174.03 and a 200 day moving average of GBX 2,912.63. 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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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