Associated British Foods plc (LON:ABF) had its price target cut by equities researchers at BNP Paribas from GBX 3,300 ($40.84) to GBX 2,900 ($35.89) in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. BNP Paribas’ target price indicates a potential upside of 19.10% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Liberum Capital reissued a “buy” rating and set a GBX 3,500 ($43.32) target price on shares of Associated British Foods plc in a research note on Monday. Barclays PLC reaffirmed 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, October 7th. Numis Securities Ltd raised Associated British Foods plc to an “add” rating and raised their price objective for the company from GBX 2,942 ($36.41) to GBX 3,000 ($37.13) in a research note on Friday, September 23rd. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 3,550 ($43.94) price objective on shares of Associated British Foods plc in a research note on Thursday, September 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,300 ($40.84) price objective on shares of Associated British Foods plc in a research note on Monday, September 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 3,035.24 ($37.56).

Analyst Recommendations for Associated British Foods plc (LON:ABF)

Associated British Foods plc (LON:ABF) opened at 2465.20 on Friday. Associated British Foods plc has a 52 week low of GBX 1,910.00 and a 52 week high of GBX 3,606.00. The firm’s market cap is GBX 19.47 billion. The stock has a 50 day moving average price of GBX 2,784.11 and a 200 day moving average price of GBX 2,923.90.

About Associated British Foods plc

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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