HSBC Holdings plc Reaffirms “Buy” Rating for Associated British Foods plc (ABF)
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reaffirmed by analysts at HSBC Holdings plc in a research report issued on Wednesday.
A number of other analysts have also issued reports on the stock. Liberum Capital restated a “buy” rating and set a GBX 3,150 ($40.68) target price on shares of Associated British Foods plc in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a report on Tuesday, July 4th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($41.33) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Jefferies Group LLC lifted their target price on shares of Associated British Foods plc from GBX 3,100 ($40.04) to GBX 3,500 ($45.20) and gave the company a “buy” rating in a report on Tuesday, May 23rd. Finally, Shore Capital restated a “buy” rating on shares of Associated British Foods plc in a report on Thursday, July 6th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Associated British Foods plc has an average rating of “Buy” and an average target price of GBX 3,230.53 ($41.72).
Shares of Associated British Foods plc (LON ABF) traded down 0.79% on Wednesday, hitting GBX 3265.00. The stock had a trading volume of 977,378 shares. Associated British Foods plc has a one year low of GBX 2,335.00 and a one year high of GBX 3,343.00. The company’s 50 day moving average is GBX 3,132.81 and its 200 day moving average is GBX 2,881.09. The stock’s market cap is GBX 25.80 billion.
WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/09/10/hsbc-holdings-plc-reaffirms-buy-rating-for-associated-british-foods-plc-abf.html.
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.
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.