Shore Capital Reaffirms Buy Rating for Associated British Foods plc (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued to clients and investors on Monday.
A number of other research firms have also recently commented on ABF. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 3,300 ($42.62) price target on shares of Associated British Foods plc in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) boosted their price target on Associated British Foods plc from GBX 3,000 ($38.74) to GBX 3,200 ($41.33) and gave the stock a “buy” rating in a report on Thursday, May 18th. Barclays PLC reissued an “equal weight” rating and set a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a report on Tuesday, August 1st. Liberum Capital reissued a “buy” rating and set a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a report on Wednesday, July 12th. Finally, Jefferies Group LLC boosted their price target on Associated British Foods plc from GBX 3,100 ($40.04) to GBX 3,500 ($45.20) and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Associated British Foods plc has an average rating of “Buy” and a consensus target price of GBX 3,257.20 ($42.07).
Shares of Associated British Foods plc (LON:ABF) opened at 3230.00 on Monday. The stock has a 50 day moving average price of GBX 3,132.81 and a 200-day moving average price of GBX 2,881.09. 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 firm’s market capitalization is GBX 25.52 billion.
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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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