Barclays PLC reaffirmed their equal weight rating on shares of Associated British Foods plc (LON:ABF) in a research note published on Tuesday. They currently have a GBX 3,050 ($37.78) target price on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. upgraded shares of Associated British Foods plc to a neutral rating and lifted their price target for the company from GBX 2,475 ($30.66) to GBX 3,100 ($38.40) in a research report on Tuesday, September 6th. Kepler Capital Markets started coverage on shares of Associated British Foods plc in a research report on Wednesday, August 24th. They set a reduce rating and a GBX 2,700 ($33.44) price target for the company. BNP Paribas dropped their price target on shares of Associated British Foods plc from GBX 3,300 ($40.88) to GBX 2,900 ($35.92) and set an outperform rating for the company in a research report on Friday, October 14th. Deutsche Bank AG reiterated a buy rating and set a GBX 3,200 ($39.64) price target on shares of Associated British Foods plc in a research report on Monday, September 19th. Finally, Liberum Capital reiterated a buy rating and set a GBX 3,500 ($43.35) price target on shares of Associated British Foods plc in a research report on Monday, October 10th. Fourteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 3,042.38 ($37.69).

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

Associated British Foods plc (LON:ABF) opened at 2558.00 on Tuesday. The company’s 50 day moving average is GBX 2,536.24 and its 200 day moving average is GBX 2,806.73. Associated British Foods plc has a 1-year low of GBX 1,910.00 and a 1-year high of GBX 3,606.00. The company’s market cap is GBX 20.24 billion.

The firm also recently announced a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be issued a GBX 26.45 ($0.33) dividend. This represents a dividend yield of 1%. This is a boost from Associated British Foods plc’s previous dividend of $10.30. The ex-dividend date of this dividend is Thursday, December 15th.

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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