Associated British Foods Rating Reiterated by Credit Suisse (ABF)
Associated British Foods (LON:ABF)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. They currently have a GBX 1,850 ($29.68) price target on the stock. Credit Suisse’s price objective indicates a potential downside of 2.94% from the company’s current price.
Associated British Foods (LON:ABF) remained flat at GBX 1906.00 during during mid-day trading trading on Friday. The stock had a trading volume of 323,959 shares. Associated British Foods has a one year low of GBX 1312.8831 and a one year high of GBX 2044.00. The stock’s 50-day moving average is GBX 1878.43 and its 200-day moving average is GBX 1869.. The company’s market cap is £15.042 billion.
A number of other analysts have also recently weighed in on ABF. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Associated British Foods in a research note to investors on Friday. They now have a GBX 1,950 ($31.29) price target on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Associated British Foods in a research note to investors on Friday. They now have a GBX 1,670 ($26.79) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Associated British Foods in a research note to investors on Wednesday, October 2nd. They now have a GBX 1,663 ($26.68) price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 1,945.28 ($31.21).
Associated British Foods plc (LON:ABF) is a holding company.
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