Associated British Foods plc (ABF) Receives Average Rating of “Buy” from Analysts
Associated British Foods plc (LON:ABF) has been assigned an average recommendation of “Buy” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 3,091.56 ($39.32).
ABF has been the topic of several research reports. HSBC Holdings plc raised their price target on shares of Associated British Foods plc from GBX 3,350 ($42.61) to GBX 3,700 ($47.06) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Associated British Foods plc from GBX 3,000 ($38.16) to GBX 3,200 ($40.70) and gave the stock a “buy” rating in a research note on Thursday, May 18th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 3,200 ($40.70) price target on shares of Associated British Foods plc in a research note on Thursday, April 20th. Liberum Capital reissued a “buy” rating and issued a GBX 3,100 ($39.43) price target on shares of Associated British Foods plc in a research note on Thursday, March 23rd. Finally, Credit Suisse Group reduced their target price on shares of Associated British Foods plc from GBX 3,550 ($45.15) to GBX 3,200 ($40.70) and set an “outperform” rating on the stock in a research note on Thursday, April 13th.
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Shares of Associated British Foods plc (LON ABF) traded up 1.02% on Monday, hitting GBX 2962.00. The stock had a trading volume of 393,287 shares. 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 company has a 50 day moving average price of GBX 2,923.05 and a 200-day moving average price of GBX 2,696.06. The stock’s market cap is GBX 23.40 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors 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.
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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