Associated British Foods plc (LON:ABF) has been assigned an average recommendation of “Buy” from the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 3,341.75 ($44.33).

Several equities analysts recently issued reports on ABF shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 3,200 ($42.45) price objective on shares of Associated British Foods plc in a report on Tuesday, July 4th. HSBC Holdings plc restated a “buy” rating and set a GBX 3,700 ($49.08) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,200 ($42.45) target price on shares of Associated British Foods plc in a research report on Friday, June 30th. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,150 ($41.78) target price on shares of Associated British Foods plc in a research report on Tuesday, June 27th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods plc in a research report on Thursday, July 6th.

Shares of Associated British Foods plc (LON:ABF) traded up 0.58% during mid-day trading on Wednesday, hitting GBX 3285.00. The stock had a trading volume of 711,724 shares. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,343.00. The stock’s market cap is GBX 25.95 billion. The company’s 50 day moving average is GBX 3,209.14 and its 200-day moving average is GBX 2,958.60.

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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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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