Associated British Foods plc (ASBFY) Receives Consensus Rating of “Buy” from Analysts
Shares of Associated British Foods plc (NASDAQ:ASBFY) have earned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $49.00.
ASBFY has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Associated British Foods plc from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Kepler Capital Markets upgraded shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a research report on Friday, July 7th.
Shares of Associated British Foods plc (NASDAQ:ASBFY) traded down 0.87% during trading on Thursday, hitting $44.27. The stock had a trading volume of 2,488 shares. Associated British Foods plc has a 12-month low of $30.01 and a 12-month high of $45.22. The stock’s 50-day moving average is $43.74 and its 200-day moving average is $39.93. The stock has a market cap of $34.98 billion and a price-to-earnings ratio of 24.14.
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.
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