Associated British Foods plc (ABF) PT Raised to GBX 3,600 at Credit Suisse Group
Associated British Foods plc (LON:ABF) had its target price raised by equities researchers at Credit Suisse Group from GBX 3,350 ($43.33) to GBX 3,600 ($46.56) in a report issued on Friday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 8.47% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 3,200 ($41.39) price target on shares of Associated British Foods plc in a report on Tuesday, June 20th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($41.39) target price on shares of Associated British Foods plc in a report on Wednesday, June 7th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 3,700 ($47.85) target price on shares of Associated British Foods plc in a report on Wednesday, June 7th. Jefferies Group LLC boosted their target price on Associated British Foods plc from GBX 3,100 ($40.09) to GBX 3,500 ($45.27) and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Finally, Shore Capital reiterated a “buy” rating on shares of Associated British Foods plc in a report on Thursday, July 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company 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 Friday. The firm’s market cap is GBX 26.22 billion. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,343.00. The stock’s 50 day moving average is GBX 3,080.05 and its 200 day moving average is GBX 2,855.68.
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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.
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