Associated British Foods plc (ABF) Receives Consensus Recommendation of “Buy” from Brokerages
Associated British Foods plc (LON:ABF) has received a consensus recommendation of “Buy” from the seventeen research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 3,197 ($41.29).
ABF has been the subject of a number of research analyst reports. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 3,300 ($42.62) price target on shares of Associated British Foods plc in a research note on Wednesday. Goldman Sachs Group, Inc. (The) lifted their price target on shares of Associated British Foods plc from GBX 3,000 ($38.74) to GBX 3,200 ($41.33) and gave the stock a “buy” rating in a research note on Thursday, May 18th. Barclays PLC restated an “equal weight” rating and issued a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC lifted their price target on shares of Associated British Foods plc from GBX 3,100 ($40.04) to GBX 3,500 ($45.20) and gave the stock a “buy” rating in a research note on Tuesday, May 23rd.
Shares of Associated British Foods plc (LON:ABF) traded down 0.79% on Friday, hitting GBX 3265.00. 977,378 shares of the stock traded hands. The firm’s market cap is GBX 25.80 billion. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,343.00. The firm’s 50-day moving average is GBX 3,132.81 and its 200 day moving average is GBX 2,881.09.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/09/09/associated-british-foods-plc-abf-receives-consensus-recommendation-of-buy-from-brokerages.html.
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.
Receive News & Ratings for Associated British Foods plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods plc and related companies with MarketBeat.com's FREE daily email newsletter.