Numis Securities Ltd Reiterates “Reduce” Rating for Associated British Foods plc (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “reduce” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Friday. They currently have a GBX 2,572 ($44.12) target price on the stock. Numis Securities Ltd’s target price suggests a potential downside of 12.78% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Associated British Foods plc in a research note on Thursday. They now have a GBX 3,000 ($51.46) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Associated British Foods plc in a research note on Thursday. They now have a GBX 3,000 ($51.46) price target on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,657.89 ($45.59).
Shares of Associated British Foods plc (LON:ABF) traded down 0.30% on Friday, hitting GBX 2949.00. The stock had a trading volume of 694,049 shares. Associated British Foods plc has a 1-year low of GBX 1796.9999 and a 1-year high of GBX 3156.00. The stock has a 50-day moving average of GBX 3036. and a 200-day moving average of GBX 2853.65. The company’s market cap is £23.278 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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