Share on StockTwits

Associated British Foods plc (LON:ABF)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They currently have a GBX 3,500 ($57.92) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 24.47% from the stock’s previous close.

Shares of Associated British Foods plc (LON:ABF) opened at 2864.00 on Tuesday. 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 2846.43 and a 200-day moving average of GBX 2900.63. The company’s market cap is £22.607 billion.

A number of other firms have also recently commented on ABF. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods plc in a research note on Monday, August 11th. They now have a GBX 1,800 ($29.79) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Associated British Foods plc in a research note on Monday, August 11th. They now have a GBX 2,000 ($33.10) 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, July 30th. They now have a GBX 2,480 ($41.04) price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Associated British Foods plc presently has an average rating of “Hold” and a consensus target price of GBX 2,770.79 ($45.85).

Associated British Foods plc (LON:ABF) is a holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.