Deutsche Bank AG reiterated their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report report published on Tuesday. Deutsche Bank AG currently has a GBX 3,500 ($46.03) price objective on the stock.

Other equities research analysts also recently issued reports about the stock. reaffirmed a buy rating and issued a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a research note on Thursday, November 2nd. reaffirmed a buy rating and issued a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a research note on Thursday, November 2nd. HSBC Holdings PLC reaffirmed a buy rating and issued a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a research note on Thursday, November 2nd. Societe Generale raised their target price on shares of Associated British Foods plc from GBX 3,600 ($47.35) to GBX 3,650 ($48.01) and gave the company a buy rating in a research note on Friday, September 22nd. Finally, Kepler Capital Markets raised their target price on shares of Associated British Foods plc from GBX 3,300 ($43.40) to GBX 3,400 ($44.72) and gave the company a buy rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Associated British Foods plc presently has an average rating of Buy and an average price target of GBX 3,383.40 ($44.50).

Shares of Associated British Foods plc (LON:ABF) opened at GBX 3,055 ($40.18) on Tuesday. Associated British Foods plc has a one year low of GBX 2,335 ($30.71) and a one year high of GBX 3,387 ($44.55).

Associated British Foods plc (LON:ABF) last announced its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). The business had revenue of GBX 1,535.70 billion for the quarter. Associated British Foods plc had a net margin of 7.01% and a return on equity of 12.97%.

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The company also recently announced a dividend, which will be paid on Friday, January 12th. Stockholders of record on Thursday, December 14th will be issued a GBX 29.65 ($0.39) dividend. This is a boost from Associated British Foods plc’s previous dividend of $11.35. The ex-dividend date is Thursday, December 14th. This represents a dividend yield of 0.97%.

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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