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).
TRADEMARK VIOLATION NOTICE: “Associated British Foods (ABF) Rating Reiterated by Shore Capital” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2018/04/17/associated-british-foods-abf-rating-reiterated-by-shore-capital.html.
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.
Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.