Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 3,500 ($46.19) target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 3.83% from the company’s previous close.

ABF has been the topic of several other research reports. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,700 ($48.83) price objective on shares of Associated British Foods plc in a research report on Wednesday, September 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 3,600 ($47.51) price objective on shares of Associated British Foods plc in a research report on Monday, September 11th. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,150 ($41.57) price objective on shares of Associated British Foods plc in a research report on Wednesday, August 30th. Berenberg Bank lifted their price target on shares of Associated British Foods plc from GBX 3,100 ($40.91) to GBX 3,200 ($42.23) and gave the company a “hold” rating in a research report on Monday, September 18th. Finally, Societe Generale lifted their price target on shares of Associated British Foods plc from GBX 3,600 ($47.51) to GBX 3,650 ($48.17) and gave the company a “buy” rating in a research report on Friday, September 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 3,341.75 ($44.10).

Associated British Foods plc (ABF) opened at 3366.00 on Tuesday. The stock’s market capitalization is GBX 26.59 billion. The stock has a 50 day moving average of GBX 3,253.47 and a 200 day moving average of GBX 3,023.78. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,387.00.

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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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