Associated British Foods Receives Neutral Rating from Citigroup Inc. (ABF)
Associated British Foods (LON:ABF)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a research note issued on Friday, StockRatingsNetwork.com reports. They currently have a GBX 1,950 ($31.29) price target on the stock. Citigroup Inc.’s price objective indicates a potential upside of 2.31% from the company’s current price.
Associated British Foods (LON:ABF) opened at 1903.0001 on Friday. Associated British Foods has a 52-week low of GBX 1312.8831 and a 52-week 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 £15.019 billion.
A number of other analysts have also recently weighed in on ABF. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Thursday, September 26th. They now have a GBX 1,950 ($31.29) price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,936.69 ($31.07).
Associated British Foods plc (LON:ABF) is a holding company.
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