Berenberg Bank Increases Associated British Foods Price Target to GBX 2,600 (ABF)
Berenberg Bank boosted their target price on shares of Associated British Foods (LON:ABF) from GBX 1,960 ($32.15) to GBX 2,600 ($42.64) in a research note issued on Thursday, AR Network reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 0.35% from the stock’s previous close.
Shares of Associated British Foods (LON:ABF) opened at 2591.00 on Thursday. Associated British Foods has a 52 week low of GBX 1496.00 and a 52 week high of GBX 2594.00. The stock’s 50-day moving average is GBX 2374.42 and its 200-day moving average is GBX 2055.. The company’s market cap is £20.461 billion.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. 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, January 6th. They now have a GBX 1,800 ($29.52) 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 issued a buy rating to the company. Associated British Foods has a consensus rating of “Hold” and a consensus price target of GBX 2,075.13 ($34.04).
Associated British Foods plc (LON:ABF) is a holding company.
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