Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a GBX 3,500 ($46.03) target price on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 13.09% from the company’s previous close.

Several other analysts have also recently issued reports on ABF. Barclays PLC reiterated an “equal weight” rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a research report on Tuesday, August 1st. Liberum Capital reiterated a “buy” rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a research report on Wednesday, August 30th. Jefferies Group LLC increased their target price on Associated British Foods plc from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) increased their target price on Associated British Foods plc from GBX 3,330 ($43.80) to GBX 3,585 ($47.15) and gave the stock a “buy” rating in a research report on Thursday, August 31st. Finally, Credit Suisse Group increased their target price on Associated British Foods plc from GBX 3,350 ($44.06) to GBX 3,600 ($47.35) and gave the stock an “outperform” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Associated British Foods plc currently has an average rating of “Buy” and a consensus price target of GBX 3,383.40 ($44.50).

Shares of Associated British Foods plc (LON ABF) opened at GBX 3,095 ($40.71) on Tuesday. Associated British Foods plc has a 1 year low of GBX 2,335 ($30.71) and a 1 year high of GBX 3,387 ($44.55).

Associated British Foods plc (LON:ABF) last released its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). Associated British Foods plc had a return on equity of 12.97% and a net margin of 7.01%. The firm had revenue of GBX 1,535.70 billion during the quarter.

COPYRIGHT VIOLATION WARNING: This story was originally published by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/11/21/associated-british-foods-plc-abf-given-buy-rating-at-deutsche-bank-ag.html.

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)

Receive News & Ratings for Associated British Foods plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods plc and related companies with MarketBeat.com's FREE daily email newsletter.