Associated British Foods plc (ABF) Stock Rating Reaffirmed by Kepler Capital Markets
Associated British Foods plc (LON:ABF)‘s stock had its “hold” rating reissued by equities research analysts at Kepler Capital Markets in a report issued on Thursday. They presently have a GBX 2,900 ($37.56) price target on the stock. Kepler Capital Markets’ price target suggests a potential downside of 2.36% from the company’s current price.
Other analysts also recently issued reports about the company. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,350 ($43.39) price target on shares of Associated British Foods plc in a report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 3,000 ($38.86) price target on shares of Associated British Foods plc in a report on Thursday, April 20th. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,100 ($40.16) price target on shares of Associated British Foods plc in a report on Wednesday, March 29th. Jefferies Group LLC raised Associated British Foods plc to a “buy” rating and lifted their price target for the stock from GBX 2,450 ($31.74) to GBX 3,100 ($40.16) in a report on Thursday, April 13th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,200 ($41.45) price target on shares of Associated British Foods plc in a report on Thursday, April 20th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,151.44 ($40.82).
Shares of Associated British Foods plc (LON ABF) traded down 0.90% on Thursday, reaching GBX 2970.00. The company had a trading volume of 624,837 shares. The company’s market capitalization is GBX 23.46 billion. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,183.00. The company has a 50 day moving average of GBX 2,948.17 and a 200-day moving average of GBX 2,710.84.
The business also recently declared a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, June 8th were given a GBX 11.35 ($0.15) dividend. This represents a yield of 0.41%. The ex-dividend date was Thursday, June 8th.
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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