Barclays PLC Reiterates Equal weight Rating for Associated British Foods plc (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays PLC in a report issued on Monday. They presently have a GBX 3,050 ($38.11) target price on the stock. Barclays PLC’s target price would indicate a potential upside of 19.84% from the company’s previous close.
A number of other equities analysts have also recently issued reports on ABF. Citigroup Inc. raised their target price on shares of Associated British Foods plc from GBX 2,600 ($32.48) to GBX 3,000 ($37.48) and gave the stock a “neutral” rating in a report on Thursday, September 15th. BNP Paribas reissued an “outperform” rating and issued a GBX 3,300 ($41.23) target price on shares of Associated British Foods plc in a report on Tuesday, September 13th. Jefferies Group reissued a “hold” rating and issued a GBX 2,450 ($30.61) target price on shares of Associated British Foods plc in a report on Wednesday, November 9th. Beaufort Securities reissued a “hold” rating on shares of Associated British Foods plc in a report on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. raised shares of Associated British Foods plc to a “neutral” rating and raised their target price for the stock from GBX 2,475 ($30.92) to GBX 3,100 ($38.73) in a report on Tuesday, September 6th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 3,048.48 ($38.09).
Shares of Associated British Foods plc (LON:ABF) opened at 2545.00 on Monday. The stock’s market capitalization is GBX 20.11 billion. The firm has a 50 day moving average price of GBX 2,525.73 and a 200 day moving average price of GBX 2,792.62. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00.
The business also recently announced a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be paid a dividend of GBX 26.45 ($0.33) per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a dividend yield of 1%. This is a positive change from Associated British Foods plc’s previous dividend of $10.30.
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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