Associated British Foods Given Equal Weight Rating at Barclays (ABF)
Associated British Foods (LON:ABF)‘s stock had its “equal weight” rating restated by investment analysts at Barclays in a note issued to investors on Friday, AnalystRatingsNetwork reports.
Associated British Foods (LON:ABF) opened at 2619.00 on Friday. Associated British Foods has a one year low of GBX 1595.00 and a one year high of GBX 2726.00. The stock’s 50-day moving average is GBX 2415. and its 200-day moving average is GBX 2084.84. The company’s market cap is £20.682 billion.
A number of other analysts have also recently weighed in on ABF. Analysts at Societe Generale raised their price target on shares of Associated British Foods from GBX 2,260 ($37.24) to GBX 2,600 ($42.85) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Associated British Foods to a “sell” rating in a research note to investors on Thursday. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Associated British Foods in a research note to investors on Thursday. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. Associated British Foods currently has an average rating of “Hold” and an average price target of GBX 2,178.37 ($35.90).
Associated British Foods plc (LON:ABF) is a holding company.
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