Associated British Foods plc (LON:ABF) has been given an average rating of “Buy” by the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 3,151.44 ($41.15).

A number of analysts recently commented on ABF shares. HSBC Holdings plc lifted their price target on Associated British Foods plc from GBX 3,350 ($43.75) to GBX 3,700 ($48.32) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Goldman Sachs Group, Inc. (The) lifted their price target on Associated British Foods plc from GBX 3,000 ($39.17) to GBX 3,200 ($41.79) and gave the stock a “buy” rating in a report on Thursday, May 18th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 3,200 ($41.79) price target on shares of Associated British Foods plc in a report on Thursday, April 20th. Jefferies Group LLC lifted their price target on Associated British Foods plc from GBX 3,100 ($40.48) to GBX 3,500 ($45.70) and gave the stock a “buy” rating in a report on Tuesday, May 23rd. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 3,100 ($40.48) price target on shares of Associated British Foods plc in a report on Thursday, March 23rd.

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Associated British Foods plc (ABF) traded down 0.54% during mid-day trading on Friday, reaching GBX 2943.00. 542,365 shares of the company’s stock traded hands. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,183.00. The firm’s 50-day moving average price is GBX 2,948.40 and its 200 day moving average price is GBX 2,732.23. The stock’s market capitalization is GBX 23.25 billion.

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.

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

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