Associated British Foods plc (NASDAQ:ASBFY) Stock Rating Upgraded by Kepler Capital Markets
Associated British Foods plc (NASDAQ:ASBFY) was upgraded by research analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report issued on Friday, July 7th, MarketBeat.com reports.
Several other research analysts also recently commented on ASBFY. Numis Securities Ltd reissued a “hold” rating on shares of Associated British Foods plc in a research note on Friday, March 17th. Goldman Sachs Group, Inc. (The) raised shares of Associated British Foods plc from a “neutral” rating to a “buy” rating in a research note on Saturday, March 18th. Jefferies Group LLC raised shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a research note on Thursday, April 13th. Finally, Zacks Investment Research upgraded shares of Associated British Foods plc from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.00.
Shares of Associated British Foods plc (NASDAQ:ASBFY) traded down 1.07% during midday trading on Friday, hitting $38.75. 11,451 shares of the stock traded hands. Associated British Foods plc has a 52 week low of $29.84 and a 52 week high of $43.21. The company has a market cap of $30.61 billion and a P/E ratio of 21.62.
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About Associated British Foods plc
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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