Associated British Foods plc (ABF) Rating Reiterated by Liberum Capital
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research report issued on Monday. They presently have a GBX 3,500 ($43.73) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 37.52% from the stock’s previous close.
ABF has been the topic of a number of other research reports. Goldman Sachs Group Inc. upgraded shares of Associated British Foods plc to a “neutral” rating and lifted their price objective for the company from GBX 2,475 ($30.92) to GBX 3,100 ($38.73) in a research note on Tuesday, September 6th. Kepler Capital Markets initiated coverage on shares of Associated British Foods plc in a research note on Wednesday, August 24th. They set a “reduce” rating and a GBX 2,700 ($33.73) price objective on the stock. BNP Paribas dropped their price objective on shares of Associated British Foods plc from GBX 3,300 ($41.23) to GBX 2,900 ($36.23) and set an “outperform” rating on the stock in a research note on Friday, October 14th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($39.98) price objective on shares of Associated British Foods plc in a research note on Monday, September 19th. Finally, Numis Securities Ltd upgraded shares of Associated British Foods plc to an “add” rating and lifted their price objective for the company from GBX 2,942 ($36.76) to GBX 3,000 ($37.48) in a research note on Friday, September 23rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Associated British Foods plc currently has an average rating of “Hold” and a consensus target price of GBX 3,048.48 ($38.09).
Associated British Foods plc (LON:ABF) opened at 2513.00 on Monday. The stock’s market cap is GBX 19.86 billion. Associated British Foods plc has a 12 month low of GBX 1,910.00 and a 12 month high of GBX 3,606.00. The firm’s 50-day moving average is GBX 2,525.73 and its 200-day moving average is GBX 2,792.62.
The business also recently disclosed 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 a boost from Associated British Foods plc’s previous dividend of $10.30. This represents a dividend yield of 1%. The ex-dividend date is Thursday, December 15th.
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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