Associated British Foods plc (LON:ABF) has earned an average rating of “Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,290.53 ($42.50).

Several brokerages recently issued reports on ABF. HSBC Holdings plc restated a “buy” rating and issued a GBX 3,700 ($47.79) target price on shares of Associated British Foods plc in a report on Wednesday, September 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Credit Suisse Group restated an “outperform” rating and issued a GBX 3,600 ($46.49) target price on shares of Associated British Foods plc in a report on Monday. Finally, Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a report on Wednesday, August 30th.

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Associated British Foods plc (ABF) traded up 1.26% during trading on Friday, reaching GBX 3142.00. The company had a trading volume of 1,132,449 shares. The firm’s 50 day moving average price is GBX 3,142.08 and its 200 day moving average price is GBX 2,892.56. The firm’s market capitalization is GBX 24.82 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.

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.

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

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