Associated British Foods Price Target Raised to GBX 2,500 at Panmure Gordon (ABF)
Analysts at Panmure Gordon hoisted their price objective on shares of Associated British Foods (LON:ABF) from GBX 2,175 ($35.84) to GBX 2,500 ($41.20) in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Panmure Gordon’s price target points to a potential downside of 7.27% from the stock’s previous close.
Associated British Foods (LON:ABF) traded down 2.63% during mid-day trading on Thursday, hitting GBX 2625.00. The stock had a trading volume of 3,511,846 shares. Associated British Foods has a one year low of GBX 1530.00 and a one year high of GBX 2676.00. The stock’s 50-day moving average is GBX 2409.88 and its 200-day moving average is GBX 2081.06. The company’s market cap is £20.729 billion.
A number of other analysts have also recently weighed in on ABF. Analysts at Nomura reiterated a “reduce” rating on shares of Associated British Foods in a research note to investors on Thursday. They now have a GBX 2,110 ($34.77) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Associated British Foods in a research note to investors on Wednesday. They now have a GBX 2,350 ($38.73) 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 Tuesday. They now have a GBX 1,800 ($29.66) price target on the stock. Four 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. The company currently has an average rating of “Hold” and a consensus target price of GBX 2,123.74 ($35.00).
Associated British Foods plc (LON:ABF) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.