Bank of America Corp. Reiterates “Neutral” Rating for Associated British Foods (ABF)
Associated British Foods (LON:ABF)‘s stock had its “neutral” rating reiterated by analysts at Bank of America Corp. in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 2,150 ($33.61) price target on the stock. Bank of America Corp.’s price target points to a potential upside of 16.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon cut their price target on shares of Associated British Foods (LON:ABF) from GBX 2,100 ($32.83) to GBX 2,075 ($32.44) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Associated British Foods (LON:ABF) in a research note to investors on Monday. Finally, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Associated British Foods (LON:ABF) in a research note to investors on Monday.
Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,915.73 ($29.95).
Associated British Foods (LON:ABF) traded up 1.32% on Tuesday, hitting GBX 1842.00. The stock had a trading volume of 568,275 shares. Associated British Foods has a 52 week low of GBX 1262.00 and a 52 week high of GBX 2044.00. The stock’s 50-day moving average is GBX 1893. and its 200-day moving average is GBX 1871.. The company’s market cap is £14.537 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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