Associated British Foods plc (ABF) Given “Buy” Rating at Liberum Capital
Liberum Capital reissued their buy rating on shares of Associated British Foods plc (LON:ABF) in a research note published on Monday. Liberum Capital currently has a GBX 3,500 ($43.32) price objective on the stock.
A number of other equities research analysts have also recently issued reports on the company. Barclays PLC restated an equal weight rating and issued a GBX 3,050 ($37.75) price objective on shares of Associated British Foods plc in a research note on Friday. Numis Securities Ltd raised Associated British Foods plc to an add rating and lifted their target price for the company from GBX 2,942 ($36.41) to GBX 3,000 ($37.13) in a report on Friday, September 23rd. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 3,550 ($43.94) target price on shares of Associated British Foods plc in a report on Thursday, September 22nd. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 3,300 ($40.84) target price on shares of Associated British Foods plc in a report on Monday, September 19th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 3,300 ($40.84) target price on shares of Associated British Foods plc in a report on Monday, September 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 3,054.29 ($37.80).
Associated British Foods plc (LON:ABF) opened at 2508.00 on Monday. The company has a 50-day moving average of GBX 2,822.06 and a 200-day moving average of GBX 2,935.94. The company’s market cap is GBX 19.81 billion. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00.
In related news, insider Reid ,Richard bought 3,347 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were purchased at an average cost of GBX 2,820 ($34.90) per share, with a total value of £94,385.40 ($116,813.61).
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.