Associated British Foods Given Hold Rating at Jefferies Group (ABF)
Associated British Foods (LON:ABF)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 2,400 ($39.36) target price on the stock. Jefferies Group’s price target suggests a potential downside of 7.37% from the company’s current price.
A number of other firms have also recently commented on ABF. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods in a research note to investors on Monday, January 6th. They now have a GBX 1,800 ($29.52) price target on the stock. Separately, 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. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Associated British Foods in a research note to investors on Tuesday, December 10th. They now have a GBX 1,960 ($32.15) price target on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 2,075.13 ($34.04).
Associated British Foods (LON:ABF) opened at 2591.00 on Tuesday. Associated British Foods has a one year low of GBX 1496.00 and a one year high of GBX 2594.00. The stock has a 50-day moving average of GBX 2374.42 and a 200-day moving average of GBX 2055.. The company’s market cap is £20.461 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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