Associated British Foods plc (ABF) PT Raised to GBX 3,585
Associated British Foods plc (LON:ABF) had its price target lifted by Goldman Sachs Group Inc from GBX 3,330 ($43.07) to GBX 3,585 ($46.37) in a report released on Thursday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group Inc’s price target would suggest a potential upside of 8.87% from the stock’s current price.
A number of other research analysts have also commented on ABF. Jefferies Group LLC increased their price objective on Associated British Foods plc from GBX 3,500 ($45.27) to GBX 3,600 ($46.56) and gave the company a “buy” rating in a report on Wednesday. Liberum Capital reissued a “buy” rating and set a GBX 3,150 ($40.74) price objective on shares of Associated British Foods plc in a report on Tuesday, June 27th. Shore Capital reissued a “buy” rating on shares of Associated British Foods plc in a report on Thursday, July 6th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($41.39) target price on shares of Associated British Foods plc in a research note on Friday, June 30th. Finally, Credit Suisse Group increased their target price on Associated British Foods plc from GBX 3,200 ($41.39) to GBX 3,350 ($43.33) and gave the company an “outperform” rating in a research note on Thursday, July 6th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 3,188 ($41.23).
Associated British Foods plc (LON:ABF) traded up 0.88% during trading on Thursday, reaching GBX 3322.00. The company had a trading volume of 722,727 shares. The company’s market capitalization is GBX 26.25 billion. The stock has a 50 day moving average of GBX 3,035.86 and a 200-day moving average of GBX 2,830.90. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,323.00.
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.
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