Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 3,500 ($46.03) price objective on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 13.90% from the stock’s previous close.

Other research analysts have also issued reports about the company. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a GBX 3,585 ($47.15) target price 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 ($41.43) target price on shares of Associated British Foods plc in a research report on Monday, September 11th. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 3,300 ($43.40) target price on shares of Associated British Foods plc in a research report on Monday, September 11th. Shore Capital reaffirmed a “buy” rating on shares of Associated British Foods plc in a research report on Monday, September 11th. Finally, reaffirmed a “buy” rating and set a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 3,383.40 ($44.50).

Shares of Associated British Foods plc (LON ABF) traded up GBX 6 ($0.08) during midday trading on Tuesday, hitting GBX 3,073 ($40.42). The company had a trading volume of 396,708 shares, compared to its average volume of 807,714. Associated British Foods plc has a 1 year low of GBX 2,335 ($30.71) and a 1 year high of GBX 3,387 ($44.55).

Associated British Foods plc (LON:ABF) last issued its quarterly earnings data on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). The firm had revenue of GBX 1,535.70 billion during the quarter. Associated British Foods plc had a return on equity of 12.97% and a net margin of 7.01%.

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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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