Numis Securities Ltd lowered shares of Associated British Foods plc (LON:ABF) to a hold rating in a research report released on Tuesday. Numis Securities Ltd currently has GBX 2,942 ($39.18) price target on the stock, down from their previous price target of GBX 3,016 ($40.17).

A number of other analysts also recently issued reports on the stock. Barclays PLC reissued an equal weight rating and set a GBX 2,800 ($37.29) target price on shares of Associated British Foods plc in a research report on Friday, July 8th. HSBC reissued a buy rating and set a GBX 3,300 ($43.95) target price on shares of Associated British Foods plc in a research report on Wednesday, August 10th. Berenberg Bank downgraded shares of Associated British Foods plc to a hold rating and increased their target price for the stock from GBX 2,760 ($36.76) to GBX 3,000 ($39.96) in a research report on Wednesday, August 31st. Societe Generale reissued a hold rating on shares of Associated British Foods plc in a research report on Tuesday, June 28th. Finally, Liberum Capital reissued a buy rating and set a GBX 3,600 ($47.95) target price on shares of Associated British Foods plc in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Associated British Foods plc currently has an average rating of Hold and an average price target of GBX 3,061.05 ($40.77).

Shares of Associated British Foods plc (LON:ABF) opened at 2730.00 on Tuesday. Associated British Foods plc has a 12-month low of GBX 1,910.00 and a 12-month high of GBX 3,606.00. The firm’s market cap is GBX 21.56 billion. The firm’s 50-day moving average is GBX 2,941.08 and its 200-day moving average is GBX 3,025.83.

In other Associated British Foods plc news, insider Bason,John purchased 469 shares of the stock in a transaction dated Friday, July 1st. The shares were bought at an average cost of GBX 2,733 ($36.40) per share, with a total value of £12,817.77 ($17,072.15). Also, insider Reid ,Richard purchased 3,347 shares of the stock in a transaction dated Wednesday, July 13th. The shares were acquired at an average cost of GBX 2,820 ($37.56) per share, for a total transaction of £94,385.40 ($125,713.11).

About Associated British Foods plc

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

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