Associated British Foods (ABF) Given “Overweight” Rating at Barclays

Associated British Foods (LON:ABF)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank reiterated a “buy” rating and set a GBX 3,500 ($50.11) price objective on shares of Associated British Foods in a report on Wednesday, February 14th. Liberum Capital reissued a “buy” rating and issued a GBX 3,500 ($50.11) target price on shares of Associated British Foods in a research report on Monday, January 29th. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Friday, January 19th. Finally, Kepler Capital Markets reissued a “buy” rating and issued a GBX 3,400 ($48.68) target price on shares of Associated British Foods in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company. Associated British Foods currently has a consensus rating of “Buy” and a consensus price target of GBX 3,355.38 ($48.04).

Shares of LON:ABF traded down GBX 37 ($0.53) during trading on Friday, hitting GBX 2,583 ($36.98). 1,100,403 shares of the company’s stock traded hands, compared to its average volume of 972,940. Associated British Foods has a 52 week low of GBX 2,476 ($35.45) and a 52 week high of GBX 3,387 ($48.50).

In related news, insider Michael McLintock purchased 7,500 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of GBX 2,716 ($38.89) per share, with a total value of £203,700 ($291,666.67).

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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, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

Analyst Recommendations for Associated British Foods (LON:ABF)

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