Associated British Foods plc (LON:ABF) had its price target boosted by Jefferies Group LLC from GBX 3,500 ($45.27) to GBX 3,600 ($46.56) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

ABF has been the subject of a number of other research reports. HSBC Holdings plc reiterated a buy rating and issued a GBX 3,700 ($47.85) price target on shares of Associated British Foods plc in a research note on Wednesday, June 7th. Liberum Capital reiterated a buy rating and issued a GBX 3,150 ($40.74) price target on shares of Associated British Foods plc in a research note on Tuesday, June 27th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 3,300 ($42.68) price target on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Barclays PLC reiterated an equal weight rating and issued a GBX 3,150 ($40.74) price target on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 3,200 ($41.39) price target on shares of Associated British Foods plc in a research note on Tuesday, July 4th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 3,217.20 ($41.61).

Shares of Associated British Foods plc (LON ABF) opened at 3319.00 on Wednesday. The company’s 50-day moving average is GBX 3,080.05 and its 200-day moving average is GBX 2,855.68. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,343.00. The stock’s market cap is GBX 26.22 billion.

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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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