Associated British Foods plc (LON:ABF) was upgraded by stock analysts at Numis Securities Ltd to a “buy” rating in a research report issued on Friday. The firm currently has a GBX 3,128 ($38.75) target price on the stock, up from their prior target price of GBX 3,000 ($37.16). Numis Securities Ltd’s price target suggests a potential upside of 23.00% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. HSBC reissued a “buy” rating and set a GBX 3,300 ($40.88) price objective on shares of Associated British Foods plc in a research note on Wednesday, August 10th. Societe Generale raised shares of Associated British Foods plc to a “buy” rating and raised their price objective for the stock from GBX 2,820 ($34.93) to GBX 3,150 ($39.02) in a research note on Thursday. BNP Paribas reissued an “outperform” rating and set a GBX 3,300 ($40.88) price objective on shares of Associated British Foods plc in a research note on Wednesday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,800 ($34.68) price objective on shares of Associated British Foods plc in a research note on Monday, July 18th. Finally, Citigroup Inc. raised their price objective on shares of Associated British Foods plc from GBX 2,600 ($32.21) to GBX 3,000 ($37.16) and gave the stock a “neutral” rating in a research note on Thursday, September 15th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,048.48 ($37.76).

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

Associated British Foods plc (LON:ABF) opened at 2590.00 on Friday. The company has a 50 day moving average price of GBX 2,536.24 and a 200 day moving average price of GBX 2,806.73. The stock’s market cap is GBX 20.49 billion. 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 company also recently declared a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be paid a dividend of GBX 26.45 ($0.33) per share. This is an increase from Associated British Foods plc’s previous dividend of $10.30. The ex-dividend date is Thursday, December 15th. This represents a yield of 1%.

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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