Associated British Foods Given Hold Rating at Deutsche Bank (ABF)
Associated British Foods (LON:ABF)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 1,950 ($31.23) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 3.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Associated British Foods (LON:ABF) in a research note to investors on Wednesday. They now have a GBX 1,950 ($31.23) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Associated British Foods (LON:ABF) in a research note to investors on Friday, September 20th. They now have a GBX 2,075 ($33.24) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Associated British Foods (LON:ABF) from GBX 1,650 ($26.43) to GBX 1,750 ($28.03) in a research note to investors on Thursday, September 19th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Associated British Foods presently has an average rating of “Hold” and a consensus target price of GBX 1,934.85 ($30.99).
Associated British Foods (LON:ABF) traded up 0.86% on Thursday, hitting GBX 1877.00. 965,315 shares of the company’s stock traded hands. Associated British Foods has a one year low of GBX 1288.00 and a one year high of GBX 2044.00. The stock has a 50-day moving average of GBX 1878.43 and a 200-day moving average of GBX 1869.. The company’s market cap is £14.813 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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