Associated British Foods plc Given Reduce Rating at Numis Securities Ltd (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “reduce” rating reissued by Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 2,572 ($42.68) target price on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 10.63% 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 Wednesday. They now have a GBX 3,000 ($49.78) 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 Wednesday. They now have a GBX 2,000 ($33.19) 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 Tuesday, August 26th. They now have a GBX 3,500 ($58.08) 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 given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,770.79 ($45.98).
Shares of Associated British Foods plc (LON:ABF) opened at 2883.00 on Thursday. Associated British Foods plc has a 1-year low of GBX 1796.9999 and a 1-year high of GBX 3156.00. The stock’s 50-day moving average is GBX 2825. and its 200-day moving average is GBX 2903.. The company’s market cap is £22.757 billion.
Associated British Foods plc (LON:ABF) is a holding company.
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