Associated British Foods plc (ABF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Associated British Foods plc (LON:ABF) have been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 3,298 ($42.59).

A number of equities analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a research note on Tuesday, June 20th. Kepler Capital Markets reissued a “hold” rating and issued a GBX 2,900 ($37.45) target price on shares of Associated British Foods plc in a research report on Thursday, July 6th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a research report on Friday, June 30th. Liberum Capital reissued a “buy” rating and issued a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a research report on Thursday, July 6th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a research report on Thursday, June 15th.

Associated British Foods plc (ABF) traded up 0.41% during mid-day trading on Friday, reaching GBX 3169.00. 616,450 shares of the company were exchanged. The stock has a 50-day moving average price of GBX 3,156.19 and a 200 day moving average price of GBX 2,898.30. The company’s market capitalization is GBX 25.04 billion. Associated British Foods plc has a one year low of GBX 2,335.00 and a one year high of GBX 3,343.00.

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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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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