Associated British Foods plc (ASBFY) Receives Average Recommendation of “Buy” from Brokerages
Associated British Foods plc (NASDAQ:ASBFY) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.00.
A number of analysts have weighed in on ASBFY shares. Jefferies Group LLC raised Associated British Foods plc from a “hold” rating to a “buy” rating in a research report on Thursday, April 13th. Goldman Sachs Group, Inc. (The) raised Associated British Foods plc from a “neutral” rating to a “buy” rating in a research report on Monday, March 20th. Kepler Capital Markets raised Associated British Foods plc from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research raised Associated British Foods plc from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Tuesday, April 18th.
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Associated British Foods plc (NASDAQ ASBFY) traded up 1.386% during midday trading on Tuesday, hitting $38.344. The stock had a trading volume of 1,109 shares. Associated British Foods plc has a 12-month low of $29.84 and a 12-month high of $43.21.
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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