Associated British Foods plc Rating Reiterated by Credit Suisse (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “neutral” rating reaffirmed by Credit Suisse in a research note issued on Wednesday. They currently have a GBX 3,000 ($49.78) price target on the stock. Credit Suisse’s price objective indicates a potential upside of 4.79% from the company’s current price.
Associated British Foods plc (LON:ABF) traded up 0.63% during mid-day trading on Wednesday, hitting GBX 2881.00. 251,291 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 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 £22.741 billion.
A number of other firms have also recently commented on ABF. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of Associated British Foods plc in a research note on Wednesday. They now have a GBX 2,000 ($33.19) price target on the stock. Separately, 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. Finally, 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. 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. Associated British Foods plc presently has an average rating of “Hold” and a consensus target price of GBX 2,770.79 ($45.98).
Associated British Foods plc (LON:ABF) is a holding company.
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