Numis Securities Ltd cut shares of Associated British Foods plc (LON:ABF) to an add rating in a report published on Thursday. The firm currently has GBX 3,128 ($38.04) price target on the stock.

Other research analysts have also issued research reports about the company. Liberum Capital restated a buy rating and set a GBX 3,500 ($42.56) target price on shares of Associated British Foods plc in a research report on Tuesday, November 1st. Deutsche Bank AG restated a buy rating and set a GBX 3,200 ($38.92) target price on shares of Associated British Foods plc in a research report on Monday, September 19th. HSBC dropped their target price on Associated British Foods plc from GBX 3,300 ($40.13) to GBX 3,150 ($38.31) and set a buy rating for the company in a research report on Friday, September 16th. Finally, Societe Generale upgraded Associated British Foods plc to a buy rating and boosted their target price for the company from GBX 2,820 ($34.29) to GBX 3,150 ($38.31) in a research report on Thursday, November 10th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Associated British Foods plc currently has a consensus rating of Hold and a consensus price target of GBX 3,010.38 ($36.61).

Associated British Foods plc (LON:ABF) traded up 0.16% during mid-day trading on Thursday, hitting GBX 2580.00. The company had a trading volume of 2,440,798 shares. The firm’s market capitalization is GBX 20.39 billion. Associated British Foods plc has a 1-year low of GBX 1,910.00 and a 1-year high of GBX 3,465.00. The company has a 50 day moving average of GBX 2,646.59 and a 200 day moving average of GBX 2,710.11.

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The firm also recently declared a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be given a dividend of GBX 26.45 ($0.32) per share. The ex-dividend date of this dividend is Thursday, December 15th. This is an increase from Associated British Foods plc’s previous dividend of $10.30. This represents a dividend yield of 1%.

In other Associated British Foods plc news, insider Charles J. F. Sinclair purchased 3,240 shares of Associated British Foods plc stock in a transaction dated Thursday, November 24th. The shares were acquired at an average cost of GBX 2,595 ($31.56) per share, with a total value of £84,078 ($102,247.35).

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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