Associated British Foods plc Earns Sell Rating from Canaccord Genuity (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “sell” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 2,000 ($33.19) price objective on the stock. Canaccord Genuity’s target price suggests a potential downside of 30.14% from the company’s current price.
ABF has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Associated British Foods plc in a research note on Tuesday, August 26th. They now have a GBX 3,500 ($58.08) price target on the stock. Separately, 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 ($29.87) 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 ($41.15) price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 2,770.79 ($45.98).
Shares of Associated British Foods plc (LON:ABF) opened at 2904.00 on Wednesday. Associated British Foods plc has a one year low of GBX 1796.9999 and a one year high of GBX 3156.00. The stock has a 50-day moving average of GBX 2827.91 and a 200-day moving average of GBX 2902.83. The company’s market cap is £22.923 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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