Brokerages Set Associated British Foods PLC (OTCMKTS:ASBFY) Price Target at $49.00
Associated British Foods PLC (OTCMKTS:ASBFY) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $49.00.
ASBFY has been the subject of several research reports. Numis Securities Ltd upgraded shares of Associated British Foods PLC from a “hold” rating to an “add” rating in a research note on Friday, September 23rd. Berenberg Bank cut shares of Associated British Foods PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Morgan Stanley cut shares of Associated British Foods PLC from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 23rd.
Associated British Foods PLC (OTCMKTS:ASBFY) opened at 31.57 on Wednesday. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 25.67 and a beta of 1.05. Associated British Foods PLC has a 52-week low of $31.11 and a 52-week high of $54.24. The firm’s 50-day moving average is $37.49 and its 200 day moving average is $40.97.
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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