Associated British Foods plc (LON:ABF)’s share price shot up 1% during mid-day trading on Monday . The company traded as high as GBX 3,310 ($43.52) and last traded at GBX 3,305 ($43.45). 361,178 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 894,418 shares. The stock had previously closed at GBX 3,272 ($43.02).

ABF has been the topic of a number of research analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,200 ($42.07) price target on shares of Associated British Foods plc in a report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 3,200 ($42.07) price target on shares of Associated British Foods plc in a report on Tuesday, June 20th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 3,300 ($43.39) price target on shares of Associated British Foods plc in a report on Tuesday, June 27th. Liberum Capital reiterated a “buy” rating and set a GBX 3,150 ($41.41) price target on shares of Associated British Foods plc in a report on Tuesday, June 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($42.07) price target on shares of Associated British Foods plc in a report on Friday, June 30th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Associated British Foods plc presently has an average rating of “Buy” and an average target price of GBX 3,341.75 ($43.94).

The stock’s 50 day moving average price is GBX 3,221.03 and its 200-day moving average price is GBX 2,972.28. The stock’s market capitalization is GBX 26.11 billion.

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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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