UBS Group Reaffirms “Buy” Rating for Associated British Foods (ABF)
UBS Group reissued their buy rating on shares of Associated British Foods (LON:ABF) in a report issued on Tuesday morning, investing.thisismoney.co.uk reports.
ABF has been the topic of several other research reports. Liberum Capital reaffirmed a buy rating and issued a GBX 3,070 ($40.11) price target on shares of Associated British Foods in a report on Monday, February 25th. HSBC reaffirmed a buy rating on shares of Associated British Foods in a report on Thursday, January 10th. Kepler Capital Markets reissued a buy rating on shares of Associated British Foods in a research note on Monday, December 10th. Societe Generale reduced their price objective on shares of Associated British Foods from GBX 2,378 ($31.07) to GBX 2,332 ($30.47) and set a hold rating on the stock in a research note on Friday, January 18th. Finally, Goldman Sachs Group upped their price objective on shares of Associated British Foods from GBX 2,500 ($32.67) to GBX 2,600 ($33.97) and gave the company a neutral rating in a research note on Friday, January 25th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 2,926.67 ($38.24).
Shares of LON ABF opened at GBX 2,287 ($29.88) on Tuesday. Associated British Foods has a 12-month low of GBX 2,476 ($32.35) and a 12-month high of GBX 3,387 ($44.26).
Associated British Foods Company Profile
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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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