Associated British Foods (LON:ABF)‘s stock had its “overweight” rating reissued by stock analysts at J P Morgan Chase & Co in a report issued on Tuesday. They currently have a GBX 3,600 ($48.45) price objective on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 24.87% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. restated a “buy” rating and set a GBX 3,700 ($49.80) target price on shares of Associated British Foods in a report on Thursday, November 2nd. restated a “buy” rating and set a GBX 3,700 ($49.80) target price on shares of Associated British Foods in a report on Thursday, November 2nd. HSBC restated a “buy” rating and set a GBX 3,700 ($49.80) target price on shares of Associated British Foods in a report on Thursday, November 2nd. Societe Generale lifted their price target on shares of Associated British Foods from GBX 3,600 ($48.45) to GBX 3,650 ($49.13) and gave the company a “buy” rating in a research report on Friday, September 22nd. Finally, Kepler Capital Markets lifted their price target on shares of Associated British Foods from GBX 3,300 ($44.41) to GBX 3,400 ($45.76) and gave the company a “buy” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Associated British Foods has a consensus rating of “Buy” and a consensus target price of GBX 3,415.90 ($45.97).

Shares of Associated British Foods (LON:ABF) traded up GBX 10.55 ($0.14) during trading on Tuesday, hitting GBX 2,883 ($38.80). The stock had a trading volume of 1,242,634 shares, compared to its average volume of 966,959. Associated British Foods has a fifty-two week low of GBX 2,335 ($31.43) and a fifty-two week high of GBX 3,387 ($45.59).

Associated British Foods (LON:ABF) last issued its earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.71) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 125.90 ($1.69) by GBX 1.20 ($0.02). The business had revenue of GBX 1,535.70 billion for the quarter. Associated British Foods had a return on equity of 12.97% and a net margin of 7.01%.

In other Associated British Foods news, insider John Bason sold 21,716 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of GBX 3,043 ($40.96), for a total value of £660,817.88 ($889,391.49).

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About Associated British Foods

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 (LON:ABF)

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