Associated British Foods plc (LON:ABF) has received an average rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 3,157.69 ($40.99).

Several research firms have recently issued reports on ABF. Credit Suisse Group restated an “outperform” rating and set a GBX 3,200 ($41.54) price objective on shares of Associated British Foods plc in a report on Thursday, June 15th. HSBC Holdings plc restated a “buy” rating and set a GBX 3,700 ($48.03) price objective on shares of Associated British Foods plc in a report on Wednesday, June 7th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($41.54) price objective on shares of Associated British Foods plc in a report on Wednesday, June 7th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 3,300 ($42.84) price objective on shares of Associated British Foods plc in a report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 3,200 ($41.54) price objective on shares of Associated British Foods plc in a report on Tuesday, June 20th.

Shares of Associated British Foods plc (ABF) traded down 0.06% during mid-day trading on Tuesday, hitting GBX 3153.00. 484,240 shares of the stock were exchanged. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,185.00. The stock’s market cap is GBX 24.91 billion. The stock’s 50 day moving average is GBX 2,984.15 and its 200-day moving average is GBX 2,790.45.

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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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