Associated British Foods plc (LON:ABF)‘s stock had its “outperform” rating reiterated by Credit Suisse Group in a report released on Thursday. They currently have a GBX 3,200 ($40.48) target price on the stock. Credit Suisse Group’s price target indicates a potential upside of 5.89% from the company’s previous close.

Several other research firms have also weighed in on ABF. HSBC Holdings plc restated a “buy” rating and set a GBX 3,700 ($46.81) price target on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($40.48) target price on shares of Associated British Foods plc in a research report on Wednesday, June 7th. Jefferies Group LLC increased their target price on shares of Associated British Foods plc from GBX 3,100 ($39.22) to GBX 3,500 ($44.28) and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) increased their target price on shares of Associated British Foods plc from GBX 3,000 ($37.95) to GBX 3,200 ($40.48) and gave the stock a “buy” rating in a research report on Thursday, May 18th. Finally, Liberum Capital increased their target price on shares of Associated British Foods plc from GBX 3,100 ($39.22) to GBX 3,150 ($39.85) and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 3,091.56 ($39.11).

Analyst Recommendations for Associated British Foods plc (LON:ABF)

Associated British Foods plc (LON:ABF) traded down 2.48% during mid-day trading on Thursday, hitting GBX 2947.00. 693,955 shares of the stock were exchanged. Associated British Foods plc has a 52 week low of GBX 1,910.00 and a 52 week high of GBX 3,183.00. The company’s market capitalization is GBX 23.28 billion. The stock’s 50-day moving average is GBX 2,905.28 and its 200 day moving average is GBX 2,681.53.

The company also recently announced a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 8th will be issued a GBX 11.35 ($0.14) dividend. This represents a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, June 8th.

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About Associated British Foods plc

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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