Associated British Foods plc (ASBFY) Receives $46.00 Average Price Target from Analysts
Shares of Associated British Foods plc (NASDAQ:ASBFY) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $46.00.
A number of equities analysts have commented on the stock. Kepler Capital Markets raised shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of Associated British Foods plc from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, August 29th.
Associated British Foods plc (ASBFY) traded down 4.5048% during mid-day trading on Wednesday, reaching $41.3375. 7,361 shares of the company’s stock traded hands. Associated British Foods plc has a one year low of $29.84 and a one year high of $43.81. The firm has a market cap of $32.66 billion and a price-to-earnings ratio of 23.1194. The firm’s 50-day moving average price is $41.02 and its 200 day moving average price is $37.30.
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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