Associated British Foods plc’s Buy Rating Reaffirmed at UBS AG (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS AG in a note issued to investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 3,300 ($55.42) price target on the stock. UBS AG’s price objective indicates a potential upside of 13.55% from the company’s current price.
Associated British Foods plc (LON:ABF) traded up 1.44% during mid-day trading on Thursday, hitting GBX 2906.1501. The stock had a trading volume of 927,041 shares. Associated British Foods plc has a 52 week low of GBX 1657.00 and a 52 week high of GBX 3030.00. The stock has a 50-day moving average of GBX 2793.81 and a 200-day moving average of GBX 2545.. The company’s market cap is £22.949 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 4th. Stockholders of record on Wednesday, June 4th will be paid a dividend of GBX 9.70 ($0.16) per share. This represents a dividend yield of 0.33%. The ex-dividend date is Wednesday, June 4th.
ABF has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Associated British Foods plc in a research note on Thursday. They now have a GBX 3,000 ($50.39) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Associated British Foods plc from GBX 1,900 ($31.91) to GBX 3,000 ($50.39) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Prime Wealth reiterated a “buy” rating on shares of Associated British Foods plc in a research note on Wednesday. They now have a GBX 3,000 ($50.39) price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 2,557.50 ($42.95).
Associated British Foods plc (LON:ABF) is a holding company.
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