Associated British Foods plc (ABF) Earns “Buy” Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report report published on Monday.

Other analysts have also recently issued reports about the company. HSBC Holdings plc reaffirmed a buy rating and set a GBX 3,700 ($47.79) price objective on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 3,200 ($41.33) price objective on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Jefferies Group LLC increased their price objective on Associated British Foods plc from GBX 3,100 ($40.04) to GBX 3,500 ($45.20) and gave the stock a buy rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) increased their price objective on Associated British Foods plc from GBX 3,000 ($38.74) to GBX 3,200 ($41.33) and gave the stock a buy rating in a research report on Thursday, May 18th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 3,150 ($40.68) price objective on shares of Associated British Foods plc in a research report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 3,298 ($42.59).

Shares of Associated British Foods plc (ABF) opened at 3169.00 on Monday. The stock’s market cap 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. The stock has a 50 day moving average of GBX 3,156.19 and a 200 day moving average of GBX 2,898.30.

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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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