Associated British Foods (LON:ABF) was upgraded by research analysts at Barclays to an “overweight” rating in a research note issued to investors on Tuesday. The brokerage currently has a GBX 3,380 ($45.84) price target on the stock, up from their prior price target of GBX 3,290 ($44.62). Barclays’ target price indicates a potential upside of 22.24% from the stock’s current price.

A number of other research analysts have also weighed in on ABF. reissued a “buy” rating and issued a GBX 3,700 ($50.18) target price on shares of Associated British Foods in a research note on Thursday, November 2nd. HSBC reissued a “buy” rating and issued a GBX 3,700 ($50.18) target price on shares of Associated British Foods in a research note on Thursday, November 2nd. Credit Suisse Group reissued an “outperform” rating and issued a GBX 3,700 ($50.18) target price on shares of Associated British Foods in a research note on Wednesday, January 10th. Royal Bank of Canada reissued a “sector performer” rating and issued a GBX 3,100 ($42.04) target price on shares of Associated British Foods in a research note on Monday, January 8th. Finally, reissued a “buy” rating and issued a GBX 3,700 ($50.18) target price on shares of Associated British Foods in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,439.37 ($46.64).

Associated British Foods (LON:ABF) opened at GBX 2,765 ($37.50) on Tuesday. Associated British Foods has a 12 month low of GBX 2,335 ($31.67) and a 12 month high of GBX 3,387 ($45.93). The firm has a market cap of $21,870.00 and a P/E ratio of 1,819.08.

Associated British Foods (LON:ABF) last released its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.72) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 125.90 ($1.71) by GBX 1.20 ($0.02). Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%. The business had revenue of GBX 1,535.70 billion for the quarter.

In other news, insider John Bason sold 21,716 shares of Associated British Foods stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($41.27), for a total transaction of £660,817.88 ($896,145.76).

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About Associated British Foods

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 (LON:ABF)

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