Associated British Foods plc (LON:ABF)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a note issued to investors on Tuesday. They presently have a GBX 3,600 ($48.54) target price on the stock. Credit Suisse Group’s target price suggests a potential upside of 11.70% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,700 ($49.89) target price on shares of Associated British Foods plc in a research note on Friday, July 21st. Liberum Capital reissued a “buy” rating and set a GBX 3,150 ($42.47) price objective on shares of Associated British Foods plc in a research note on Wednesday, August 30th. Jefferies Group LLC boosted their price objective on shares of Associated British Foods plc from GBX 3,100 ($41.80) to GBX 3,500 ($47.19) and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Barclays PLC reissued an “equal weight” rating and set a GBX 3,150 ($42.47) price objective on shares of Associated British Foods plc in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 3,300 ($44.49) price objective on shares of Associated British Foods plc in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 3,341.75 ($45.06).

Associated British Foods plc (ABF) traded up 0.34% during midday trading on Tuesday, hitting GBX 3223.00. 543,180 shares of the company were exchanged. The stock has a 50 day moving average of GBX 3,174.03 and a 200 day moving average of GBX 2,912.63. Associated British Foods plc has a 1-year low of GBX 2,335.00 and a 1-year high of GBX 3,343.00. The firm’s market capitalization is GBX 25.46 billion.

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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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