Associated British Foods plc (ASBFY) Given Consensus Rating of “Buy” by Analysts
Shares of Associated British Foods plc (NASDAQ:ASBFY) have been assigned an average rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.00.
A number of research firms have recently weighed in on ASBFY. Kepler Capital Markets upgraded shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded shares of Associated British Foods plc from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, April 18th.
Shares of Associated British Foods plc (ASBFY) traded down 2.13% during trading on Friday, hitting $40.91. The stock had a trading volume of 44,518 shares. The stock’s 50-day moving average is $39.11 and its 200-day moving average is $35.76. Associated British Foods plc has a 12-month low of $29.84 and a 12-month high of $43.21.
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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.
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