Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 3,600 ($47.83) price objective on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 8.27% from the stock’s current price.

Several other equities research analysts have also commented on ABF. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 3,300 ($43.85) price objective on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($41.85) price objective on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,200 ($42.52) price objective on shares of Associated British Foods plc in a research note on Friday, June 30th. HSBC Holdings plc restated a “buy” rating and issued a GBX 3,700 ($49.16) price objective on shares of Associated British Foods plc in a research note on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 3,200 ($42.52) price objective on shares of Associated British Foods plc in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 3,341.75 ($44.40).

Shares of Associated British Foods plc (ABF) traded down 1.04% during trading on Thursday, hitting GBX 3325.00. The stock had a trading volume of 671,605 shares. The stock’s 50-day moving average price is GBX 3,253.92 and its 200 day moving average price is GBX 3,011.66. Associated British Foods plc has a 1-year low of GBX 2,335.00 and a 1-year high of GBX 3,377.00. The firm’s market capitalization is GBX 26.27 billion.

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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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