Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a research note issued to investors on Thursday. They currently have a GBX 3,500 ($46.43) price objective on the stock. Deutsche Bank AG’s price objective points to a potential upside of 6.97% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Kepler Capital Markets restated a “hold” rating and issued a GBX 2,900 ($38.47) target price on shares of Associated British Foods plc in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 3,200 ($42.45) target price on shares of Associated British Foods plc in a research note on Tuesday, June 20th. Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($41.78) target price on shares of Associated British Foods plc in a research note on Wednesday, July 12th. Societe Generale upped their target price on shares of Associated British Foods plc from GBX 3,600 ($47.75) to GBX 3,650 ($48.41) and gave the company a “buy” rating in a research note on Friday, September 22nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 3,200 ($42.45) target price on shares of Associated British Foods plc in a research note on Thursday, June 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,341.75 ($44.33).

Shares of Associated British Foods plc (ABF) opened at 3272.00 on Thursday. The stock’s market capitalization is GBX 25.85 billion. The stock’s 50 day moving average is GBX 3,215.46 and its 200 day moving average is GBX 2,963.08. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,343.00.

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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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