Associated British Foods plc (LON:ABF) had its price objective lifted by Citigroup Inc. from GBX 2,600 ($33.94) to GBX 3,000 ($39.16) in a report published on Thursday. The brokerage currently has a neutral rating on the stock.

ABF has been the subject of a number of other research reports. HSBC cut their price target on Associated British Foods plc from GBX 3,770 ($49.21) to GBX 3,300 ($43.08) and set a buy rating for the company in a research note on Thursday, June 30th. Royal Bank Of Canada restated a sector perform rating and issued a GBX 2,800 ($36.55) target price on shares of Associated British Foods plc in a research note on Monday, July 18th. Kepler Capital Markets initiated coverage on Associated British Foods plc in a research note on Wednesday, August 24th. They issued a reduce rating and a GBX 2,700 ($35.24) target price on the stock. Societe Generale restated a hold rating on shares of Associated British Foods plc in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. upgraded Associated British Foods plc to a neutral rating and boosted their target price for the stock from GBX 2,475 ($32.31) to GBX 3,100 ($40.46) in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 3,056.29 ($39.89).

Shares of Associated British Foods plc (LON:ABF) opened at 2713.00 on Thursday. The company’s 50-day moving average price is GBX 2,942.68 and its 200-day moving average price is GBX 3,011.69. The firm’s market cap is GBX 21.43 billion. Associated British Foods plc has a 12 month low of GBX 1,910.00 and a 12 month high of GBX 3,606.00.

In other Associated British Foods plc news, insider Bason,John purchased 469 shares of the business’s stock in a transaction on Friday, July 1st. The stock was acquired at an average cost of GBX 2,733 ($35.67) per share, for a total transaction of £12,817.77 ($16,731.20). Also, insider Reid ,Richard purchased 3,347 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were acquired at an average price of GBX 2,820 ($36.81) per share, with a total value of £94,385.40 ($123,202.45).

Associated British Foods plc Company Profile

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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