Credit Suisse Group Reaffirms “Outperform” Rating for Associated British Foods plc (ABF)

Credit Suisse Group reiterated their outperform rating on shares of Associated British Foods plc (LON:ABF) in a report released on Monday morning. They currently have a GBX 3,600 ($46.49) price objective on the stock.

A number of other research firms have also issued reports on ABF. Goldman Sachs Group, Inc. (The) raised their price target on Associated British Foods plc from GBX 3,330 ($43.01) to GBX 3,585 ($46.30) and gave the stock a buy rating in a report on Thursday, August 31st. Deutsche Bank AG raised their price target on Associated British Foods plc from GBX 3,300 ($42.62) to GBX 3,500 ($45.20) and gave the stock a buy rating in a report on Friday, September 8th. HSBC Holdings plc reissued a buy rating and set a GBX 3,700 ($47.79) price target on shares of Associated British Foods plc in a report on Wednesday, September 6th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 3,300 ($42.62) price target on shares of Associated British Foods plc in a report on Wednesday, September 6th. Finally, Liberum Capital reissued a buy rating and set a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a report on Monday. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Associated British Foods plc currently has an average rating of Buy and an average target price of GBX 3,298 ($42.59).

Associated British Foods plc (LON:ABF) opened at 3154.00 on Monday. The firm’s market cap is GBX 24.92 billion. 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. 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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