Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by equities researchers at HSBC Holdings plc in a report released on Friday. They currently have a GBX 3,700 ($48.32) target price on the stock. HSBC Holdings plc’s price target points to a potential upside of 25.72% from the company’s current price.

Several other equities research analysts have also recently issued reports on ABF. Liberum Capital reissued a “buy” rating and issued a GBX 3,150 ($41.13) price objective on shares of Associated British Foods plc in a research report on Wednesday, July 12th. Deutsche Bank AG upped their price target on shares of Associated British Foods plc from GBX 3,200 ($41.79) to GBX 3,300 ($43.09) and gave the stock a “buy” rating in a research report on Friday, July 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 3,300 ($43.09) price target on shares of Associated British Foods plc in a research report on Friday, July 7th. Credit Suisse Group AG upped their price target on shares of Associated British Foods plc from GBX 3,200 ($41.79) to GBX 3,350 ($43.75) and gave the stock an “outperform” rating in a research report on Thursday, July 6th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods plc in a research report on Thursday, July 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Associated British Foods plc has an average rating of “Buy” and an average price target of GBX 3,151.44 ($41.15).

Associated British Foods plc (LON: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 one year low of GBX 2,335.00 and a one year high of GBX 3,183.00. The firm’s market cap is GBX 23.25 billion. The firm’s 50-day moving average price is GBX 2,948.25 and its 200 day moving average price is GBX 2,733.70.

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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.

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

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