Associated British Foods (ABF) Rating Reiterated by Shore Capital

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a note issued to investors on Tuesday. They presently have a GBX 2,583 ($36.98) price objective on the stock. Shore Capital’s price target indicates a potential downside of 1.34% from the company’s current price.

Several other equities research analysts also recently commented on ABF. Royal Bank of Canada downgraded shares of Associated British Foods to a “sector performer” rating and lowered their target price for the company from GBX 3,500 ($50.11) to GBX 3,100 ($44.39) in a research note on Tuesday, December 19th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 3,500 ($50.11) target price on shares of Associated British Foods in a research note on Tuesday, December 19th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,500 ($50.11) target price on shares of Associated British Foods in a research note on Tuesday, December 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,700 ($52.98) target price on shares of Associated British Foods in a research note on Wednesday, January 10th. Finally, Barclays raised shares of Associated British Foods to an “overweight” rating and upped their target price for the company from GBX 3,290 ($47.11) to GBX 3,380 ($48.40) in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 3,320.27 ($47.54).

ABF opened at GBX 2,618 ($37.49) on Tuesday. Associated British Foods has a fifty-two week low of GBX 2,476 ($35.45) and a fifty-two week high of GBX 3,387 ($48.50).

In other Associated British Foods news, insider Michael McLintock bought 7,500 shares of Associated British Foods stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of GBX 2,716 ($38.89) per share, for a total transaction of £203,700 ($291,666.67).

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About Associated British Foods

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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