Associated British Foods Price Target Raised to GBX 2,110 at Nomura (ABF)
Nomura upped their target price on shares of Associated British Foods (LON:ABF) from GBX 1,670 ($27.39) to GBX 2,110 ($34.61) in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “reduce” rating on the stock. Nomura’s price objective suggests a potential downside of 16.20% from the stock’s previous close.
Shares of Associated British Foods (LON:ABF) traded down 0.59% on Wednesday, hitting GBX 2518.00. The stock had a trading volume of 510,061 shares. Associated British Foods has a 52-week low of GBX 1496.00 and a 52-week high of GBX 2544.00. The stock has a 50-day moving average of GBX 2357.58 and a 200-day moving average of GBX 2045.. The company’s market cap is £19.884 billion.
ABF has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Tuesday. They now have a GBX 2,400 ($39.36) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods in a research note to investors on Monday. They now have a GBX 1,800 ($29.52) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Tuesday, December 17th. They now have a GBX 2,175 ($35.67) price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Associated British Foods currently has a consensus rating of “Hold” and an average target price of GBX 2,039.57 ($33.45).
Associated British Foods plc (LON:ABF) is a holding company.
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