Associated British Foods plc (ABF) PT Raised to GBX 2,650
Associated British Foods plc (LON:ABF) had its target price upped by Goldman Sachs Group Inc. from GBX 2,600 ($32.48) to GBX 2,650 ($33.11) in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 1.72% from the company’s current price.
A number of other research firms also recently issued reports on ABF. Liberum Capital restated a “buy” rating and set a GBX 3,600 ($44.98) price target on shares of Associated British Foods plc in a research note on Monday, September 12th. Berenberg Bank downgraded Associated British Foods plc to a “hold” rating and raised their price target for the stock from GBX 2,760 ($34.48) to GBX 3,000 ($37.48) in a research note on Wednesday, August 31st. Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($39.98) price target on shares of Associated British Foods plc in a research note on Wednesday, August 31st. Kepler Capital Markets assumed coverage on 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 target on the stock. Finally, Credit Suisse Group AG restated an “outperform” rating and set a GBX 3,550 ($44.35) price target on shares of Associated British Foods plc in a research note on Tuesday, August 16th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 3,027.05 ($37.82).
Associated British Foods plc (LON:ABF) opened at 2603.00 on Monday. The firm’s market capitalization is GBX 20.57 billion. The company has a 50-day moving average price of GBX 2,519.73 and a 200 day moving average price of GBX 2,768.63. 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 also recently disclosed a dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of GBX 26.45 ($0.33) per share. The ex-dividend date is Thursday, December 15th. This is a boost from Associated British Foods plc’s previous dividend of $10.30. This represents a yield of 1%.
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In other news, insider Charles J. F. Sinclair acquired 3,240 shares of Associated British Foods plc stock in a transaction that occurred on Thursday, November 24th. The stock was purchased at an average cost of GBX 2,595 ($32.42) per share, with a total value of £84,078 ($105,044.98).
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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