Associated British Foods plc (ABF) PT Raised to GBX 3,700
Associated British Foods plc (LON:ABF) had its price objective boosted by HSBC Holdings plc from GBX 3,350 ($43.24) to GBX 3,700 ($47.76) in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. HSBC Holdings plc’s target price would suggest a potential upside of 29.33% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,100 ($40.02) price objective on shares of Associated British Foods plc in a research report on Wednesday, April 19th. Credit Suisse Group AG cut their price objective on Associated British Foods plc from GBX 3,550 ($45.82) to GBX 3,200 ($41.31) and set an “outperform” rating on the stock in a research report on Thursday, April 13th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 2,923 ($37.73) price objective on shares of Associated British Foods plc in a research report on Friday, April 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Associated British Foods plc in a research report on Tuesday, February 28th. Finally, Kepler Capital Markets lifted their price objective on Associated British Foods plc from GBX 2,700 ($34.85) to GBX 2,900 ($37.43) and gave the company a “hold” rating in a research report on Thursday, April 20th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 3,069.33 ($39.62).
Shares of Associated British Foods plc (LON:ABF) traded down 0.73% on Wednesday, reaching GBX 2861.00. The company’s stock had a trading volume of 955,480 shares. The company’s 50 day moving average price is GBX 2,738.20 and its 200 day moving average price is GBX 2,624.62. The company’s market cap is GBX 22.60 billion. Associated British Foods plc has a 12-month low of GBX 1,910.00 and a 12-month high of GBX 3,183.00.
The business also recently announced a dividend, which will be paid on Friday, July 7th. Shareholders of record on Thursday, June 8th will be paid a dividend of GBX 11.35 ($0.15) per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 0.41%.
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Associated British Foods plc Company Profile
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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