Associated British Foods plc (ABF) Rating Reiterated by Deutsche Bank AG
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a report released on Monday, StockTargetPrices.com reports. They currently have a GBX 3,200 ($41.77) price objective on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 17.95% from the stock’s previous close.
ABF has been the topic of several other reports. HSBC decreased their target price on shares of Associated British Foods plc from GBX 3,770 ($49.21) to GBX 3,300 ($43.08) and set a “buy” rating on the stock in a research report on Thursday, June 30th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,800 ($36.55) price objective on shares of Associated British Foods plc in a research report on Monday, July 18th. Kepler Capital Markets began coverage on shares of Associated British Foods plc in a research report on Wednesday, August 24th. They issued a “reduce” rating and a GBX 2,700 ($35.24) price objective on the stock. Societe Generale reiterated a “hold” rating on shares of Associated British Foods plc in a research report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. upgraded shares of Associated British Foods plc to a “neutral” rating and boosted their price objective for the stock from GBX 2,475 ($32.31) to GBX 3,100 ($40.46) in a research report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 3,056.29 ($39.89).
Associated British Foods plc (LON:ABF) opened at 2713.00 on Monday. Associated British Foods plc has a 52 week low of GBX 1,910.00 and a 52 week high of GBX 3,606.00. The stock’s market cap is GBX 21.43 billion. The firm’s 50-day moving average is GBX 2,942.68 and its 200 day moving average is GBX 3,011.69.
In related news, insider Reid ,Richard purchased 3,347 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was purchased at an average price of GBX 2,820 ($36.81) per share, for a total transaction of £94,385.40 ($123,202.45). Also, insider Hauser,Wolfhart purchased 2,000 shares of the firm’s stock in a transaction on Thursday, July 7th. The stock was bought at an average price of GBX 2,659 ($34.71) per share, with a total value of £53,180 ($69,416.53).
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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