Analysts Set Associated British Foods plc (LON:ABF) Target Price at GBX 2,421.80
Associated British Foods plc (LON:ABF) has been given a consensus recommendation of “Buy” by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 2,421.80 ($31.65).
A number of equities research analysts have issued reports on ABF shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Associated British Foods in a report on Monday, July 6th. Credit Suisse Group increased their target price on shares of Associated British Foods from GBX 2,200 ($28.75) to GBX 2,530 ($33.06) and gave the stock an “outperform” rating in a report on Friday, July 3rd. Goldman Sachs Group lowered shares of Associated British Foods to a “neutral” rating and increased their target price for the stock from GBX 2,250 ($29.40) to GBX 2,360 ($30.84) in a report on Friday, July 3rd. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,330 ($30.45) price objective on shares of Associated British Foods in a report on Thursday, July 2nd. Finally, Liberum Capital restated an “under review” rating on shares of Associated British Foods in a report on Monday, June 1st.
Associated British Foods stock opened at GBX 1,990 ($26.00) on Friday. The firm has a market cap of $15.75 billion and a PE ratio of 22.26. Associated British Foods has a 52-week low of GBX 1,554 ($20.31) and a 52-week high of GBX 2,730 ($35.67). The company has a quick ratio of 0.96, a current ratio of 1.76 and a debt-to-equity ratio of 44.99. The company’s 50 day moving average is GBX 1,947.03 and its two-hundred day moving average is GBX 1,910.66.
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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