Shares of Associated British Foods plc (LON:ABF) have been given a consensus recommendation of “Hold” by the twenty-four brokerages that are covering the firm. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 3,046.25 ($39.76).

Several equities analysts recently commented on the stock. Liberum Capital reiterated a “buy” rating and set a GBX 3,500 ($45.69) target price on shares of Associated British Foods plc in a research note on Friday. Numis Securities Ltd upgraded shares of Associated British Foods plc to an “add” rating and upped their target price for the company from GBX 2,942 ($38.40) to GBX 3,000 ($39.16) in a research note on Friday, September 23rd. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 3,550 ($46.34) target price on shares of Associated British Foods plc in a research note on Thursday, September 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 3,300 ($43.08) target price on shares of Associated British Foods plc in a research note on Monday, September 19th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 3,300 ($43.08) target price on shares of Associated British Foods plc in a research note on Monday, September 19th.

Shares of Associated British Foods plc (LON:ABF) opened at 2603.00 on Thursday. The company’s market capitalization is GBX 20.56 billion. Associated British Foods plc has a 12 month low of GBX 1,910.00 and a 12 month high of GBX 3,606.00. The company has a 50-day moving average of GBX 2,881.44 and a 200 day moving average of GBX 2,966.32.

In other news, insider Reid ,Richard purchased 3,347 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The shares were acquired at an average cost of GBX 2,820 ($36.81) per share, for a total transaction of £94,385.40 ($123,202.45). Also, insider Hauser,Wolfhart purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was purchased at an average price of GBX 2,659 ($34.71) per share, for a total transaction of £53,180 ($69,416.53).

Associated British Foods plc Company Profile

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

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