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Analysts at Jefferies Group boosted their price target on shares of Associated British Foods (LON:ABF) from GBX 2,400 ($39.55) to GBX 2,450 ($40.38) in a research report issued to clients and investors on Thursday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential downside of 9.12% from the stock’s previous close.

A number of other analysts have also recently weighed in on ABF. Analysts at Panmure Gordon raised their price target on shares of Associated British Foods from GBX 2,175 ($35.84) to GBX 2,500 ($41.20) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Associated British Foods currently has a consensus rating of “Hold” and a consensus target price of GBX 2,123.74 ($35.00).

Associated British Foods (LON:ABF) traded down 2.63% on Thursday, hitting GBX 2625.00. 3,511,846 shares of the company’s stock traded hands. Associated British Foods has a one year low of GBX 1530.00 and a one year high of GBX 2676.00. The stock has a 50-day moving average of GBX 2409.88 and a 200-day moving average of GBX 2081.06. The company’s market cap is £20.729 billion.

Associated British Foods plc (LON:ABF) is a holding company.

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