Associated British Foods (ABF) Rating Reiterated by UBS Group
Associated British Foods (LON:ABF)‘s stock had its “buy” rating reiterated by equities researchers at UBS Group in a note issued to investors on Tuesday, investing.thisismoney.co.uk reports.
Several other research analysts have also issued reports on ABF. HSBC reaffirmed a “buy” rating on shares of Associated British Foods in a research report on Monday, July 9th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Associated British Foods in a research report on Thursday, August 23rd. Citigroup reaffirmed a “buy” rating and set a GBX 2,765 ($36.13) target price on shares of Associated British Foods in a research report on Tuesday, August 28th. Deutsche Bank lowered their target price on Associated British Foods from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a research report on Thursday, August 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of Associated British Foods in a research report on Friday, August 31st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 3,063.41 ($40.03).
Shares of LON ABF opened at GBX 2,627 ($34.33) on Tuesday. Associated British Foods has a 1-year low of GBX 2,476 ($32.35) and a 1-year high of GBX 3,387 ($44.26).
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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