Associated British Foods Rating Reiterated by Sanford C. Bernstein (ABF)
Associated British Foods (LON:ABF)‘s stock had its “market perform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Monday, StockRatingsNetwork reports. They currently have a GBX 1,800 ($28.74) price objective on the stock. Sanford C. Bernstein’s price target indicates a potential downside of 5.81% from the company’s current price.
A number of other firms have also recently commented on ABF. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Associated British Foods in a research note to investors on Friday. They now have a GBX 2,100 ($33.52) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Associated British Foods in a research note to investors on Friday. They now have a GBX 1,850 ($29.53) price target on the stock. Finally, 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 ($31.13) price target on the stock. Three equities research 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. The stock currently has an average rating of “Hold” and an average target price of GBX 1,945.28 ($31.05).
Shares of Associated British Foods (LON:ABF) opened at 1936.00 on Monday. Associated British Foods has a 52 week low of GBX 1323.5759 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 £15.279 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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