Associated British Foods plc (LON:ABF) had its price target increased by J P Morgan Chase & Co from GBX 3,300 ($42.62) to GBX 3,600 ($46.49) in a research report issued on Tuesday. The firm presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 14.07% from the stock’s previous close.

A number of other brokerages have also issued reports on ABF. Credit Suisse Group increased their price objective on shares of Associated British Foods plc from GBX 3,350 ($43.26) to GBX 3,600 ($46.49) and gave the company an “outperform” rating in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Associated British Foods plc from GBX 3,330 ($43.01) to GBX 3,585 ($46.30) and gave the company a “buy” rating in a report on Thursday, August 31st. Deutsche Bank AG increased their price objective on shares of Associated British Foods plc from GBX 3,300 ($42.62) to GBX 3,500 ($45.20) and gave the company a “buy” rating in a report on Friday, September 8th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,700 ($47.79) price objective on shares of Associated British Foods plc in a report on Wednesday, September 6th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 3,150 ($40.68) price objective on shares of Associated British Foods plc in a report on Monday. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 3,298 ($42.59).

Shares of Associated British Foods plc (LON:ABF) opened at 3197.00 on Tuesday. 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 company’s market capitalization is GBX 25.26 billion. The firm’s 50-day moving average is GBX 3,155.83 and its 200 day moving average is GBX 2,896.40.

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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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