Shares of Associated British Foods plc (LON:ABF) have been assigned an average rating of “Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 3,157.69 ($40.99).

Several analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 3,200 ($41.54) price target on shares of Associated British Foods plc in a research note on Tuesday, June 20th. Kepler Capital Markets reiterated a “hold” rating and set a GBX 2,900 ($37.65) price target on shares of Associated British Foods plc in a research note on Thursday, July 6th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($41.54) price target on shares of Associated British Foods plc in a research note on Friday, June 30th. Liberum Capital reiterated a “buy” rating and set a GBX 3,150 ($40.89) price target on shares of Associated British Foods plc in a research note on Thursday, July 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,200 ($41.54) price target on shares of Associated British Foods plc in a research note on Thursday, June 15th.

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Shares of Associated British Foods plc (LON:ABF) traded down 1.26% on Tuesday, hitting GBX 3140.00. The stock had a trading volume of 582,484 shares. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,199.00. The company’s market cap is GBX 24.81 billion. The company’s 50 day moving average price is GBX 3,000.65 and its 200-day moving average price is GBX 2,800.77.

Associated British Foods plc Company Profile

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.

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

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