Barclays Reaffirms Overweight Rating for Associated British Foods (ABF)
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Associated British Foods in a report on Wednesday. UBS Group reaffirmed a buy rating on shares of Associated British Foods in a report on Tuesday. Liberum Capital reaffirmed a buy rating on shares of Associated British Foods in a report on Tuesday. Royal Bank of Canada lowered their target price on Associated British Foods from GBX 3,100 ($40.51) to GBX 2,700 ($35.28) and set an outperform rating on the stock in a report on Tuesday, October 16th. Finally, Goldman Sachs Group lowered their target price on Associated British Foods from GBX 2,840 ($37.11) to GBX 2,500 ($32.67) and set a neutral rating on the stock in a report on Tuesday, September 11th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Associated British Foods presently has a consensus rating of Buy and an average price target of GBX 3,023.63 ($39.51).
ABF opened at GBX 2,638 ($34.47) on Wednesday. Associated British Foods has a 12-month low of GBX 2,476 ($32.35) and a 12-month high of GBX 3,387 ($44.26).
Associated British Foods Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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