Associated British Foods plc (ASBFY) Given Consensus Rating of “Buy” by Brokerages
Associated British Foods plc (NASDAQ:ASBFY) has been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $49.00.
A number of research firms recently issued reports on ASBFY. Kepler Capital Markets raised shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of Associated British Foods plc from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday, August 29th.
Shares of Associated British Foods plc (ASBFY) traded down 0.931% during trading on Friday, hitting $43.075. 7,007 shares of the company were exchanged. Associated British Foods plc has a 12 month low of $29.84 and a 12 month high of $44.37.
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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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