Associated British Foods plc Rating Reiterated by Deutsche Bank (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a GBX 3,000 ($51.46) price target on the stock. Deutsche Bank’s target price points to a potential upside of 1.42% from the stock’s previous close.
Shares of Associated British Foods plc (LON:ABF) traded down 1.40% on Thursday, hitting GBX 2958.00. 1,602,092 shares of the company’s stock traded hands. Associated British Foods plc has a 52 week low of GBX 1796.9999 and a 52 week high of GBX 3156.00. The stock’s 50-day moving average is GBX 3038. and its 200-day moving average is GBX 2853.. The company’s market cap is £23.349 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Associated British Foods plc in a research note on Wednesday. They now have a GBX 2,400 ($41.17) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Associated British Foods plc in a research note on Monday. They now have a GBX 3,500 ($60.03) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Associated British Foods plc in a research note on Friday, July 4th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,633.89 ($45.18).
Associated British Foods plc (LON:ABF) is a holding company.
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