Associated British Foods PT Raised to GBX 2,600 (ABF)
Equities research analysts at Societe Generale increased their target price on shares of Associated British Foods (LON:ABF) from GBX 2,260 ($37.24) to GBX 2,600 ($42.85) in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Societe Generale’s target price indicates a potential downside of 1.81% from the company’s current price.
A number of other analysts have also recently weighed in on ABF. Analysts at Numis Securities Ltd downgraded shares of Associated British Foods to a “sell” rating in a research note to investors on Thursday. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Associated British Foods in a research note to investors on Thursday. Finally, analysts at Jefferies Group raised their price target on shares of Associated British Foods from GBX 2,400 ($39.55) to GBX 2,450 ($40.38) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Associated British Foods currently has a consensus rating of “Hold” and a consensus target price of GBX 2,178.37 ($35.90).
Associated British Foods (LON:ABF) traded up 0.88% on Friday, hitting GBX 2648.00. 1,366,065 shares of the company’s stock traded hands. Associated British Foods has a 1-year low of GBX 1595.00 and a 1-year high of GBX 2726.00. The stock has a 50-day moving average of GBX 2425.32 and a 200-day moving average of GBX 2088.. The company’s market cap is £20.911 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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