Associated British Foods Given “Hold” Rating at Berenberg Bank (ABF)
Associated British Foods (LON:ABF)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a research note issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,960 ($31.71) price objective on the stock. Berenberg Bank’s price objective would suggest a potential downside of 12.93% from the stock’s previous close.
Shares of Associated British Foods (LON:ABF) traded up 1.31% during mid-day trading on Friday, hitting GBX 2251.00. The stock had a trading volume of 1,043,082 shares. Associated British Foods has a 1-year low of GBX 201.50 and a 1-year high of GBX 2269.00. The stock has a 50-day moving average of GBX 1965. and a 200-day moving average of GBX 1894.. The company’s market cap is £17.765 billion.
A number of other firms have also recently commented on ABF. Analysts at Davy Research reiterated an “outperform” rating on shares of Associated British Foods in a research note to investors on Thursday. Separately, analysts at BNP Paribas raised their price target on shares of Associated British Foods from GBX 2,400 ($38.83) to GBX 2,700 ($43.68) in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods in a research note to investors on Monday, October 14th. They now have a GBX 1,800 ($29.12) 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,961.07 ($31.73).
Associated British Foods plc (LON:ABF) is a holding company.
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