Associated British Foods (ABF) Rating Reiterated by UBS Group

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by UBS Group in a research note issued on Tuesday, investing.thisismoney.co.uk reports.

A number of other equities analysts also recently issued reports on the company. Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Royal Bank of Canada cut their price target on Associated British Foods from GBX 3,100 ($40.51) to GBX 2,700 ($35.28) and set an “outperform” rating for the company in a research note on Tuesday, October 16th. Goldman Sachs Group cut their price target on Associated British Foods from GBX 2,840 ($37.11) to GBX 2,500 ($32.67) and set a “neutral” rating for the company in a research note on Tuesday, September 11th. Credit Suisse Group cut their price target on Associated British Foods from GBX 3,300 ($43.12) to GBX 2,950 ($38.55) and set an “outperform” rating for the company in a research note on Tuesday, September 11th. Finally, Barclays cut their price target on Associated British Foods from GBX 3,340 ($43.64) to GBX 3,280 ($42.86) and set an “overweight” rating for the company in a research note on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 3,063.41 ($40.03).

ABF stock opened at GBX 2,627 ($34.33) on Tuesday. Associated British Foods has a 52-week low of GBX 2,476 ($32.35) and a 52-week high of GBX 3,387 ($44.26).

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.

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Analyst Recommendations for Associated British Foods (LON:ABF)

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