Associated British Foods Rating Reiterated by Credit Suisse (ABF)
Associated British Foods (LON:ABF)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse in a report released on Thursday, Analyst Ratings Network reports. They currently have a GBX 2,250 ($36.90) target price on the stock. Credit Suisse’s price target would indicate a potential downside of 10.64% from the company’s current price.
Shares of Associated British Foods (LON:ABF) opened at 2541.00 on Thursday. Associated British Foods has a 52 week low of GBX 1496.00 and a 52 week high of GBX 2546.00. The stock’s 50-day moving average is GBX 2357.58 and its 200-day moving average is GBX 2045.. The company’s market cap is £20.066 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank raised their price target on shares of Associated British Foods from GBX 1,960 ($32.15) to GBX 2,600 ($42.64) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Associated British Foods from GBX 1,670 ($27.39) to GBX 2,110 ($34.61) in a research note to investors on Wednesday. They now have a “reduce” rating on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Associated British Foods has an average rating of “Hold” and an average target price of GBX 2,075.13 ($34.04).
Associated British Foods plc (LON:ABF) is a holding company.
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