Associated British Foods’ (ABF) Buy Rating Reiterated at Citigroup
A number of other analysts also recently issued reports on the stock. Barclays restated an overweight rating on shares of Associated British Foods in a report on Tuesday. UBS Group restated a neutral rating and set a GBX 3,150 ($43.52) price target on shares of Associated British Foods in a report on Monday, February 26th. Shore Capital restated a buy rating on shares of Associated British Foods in a report on Monday, February 26th. Kepler Capital Markets restated a buy rating and set a GBX 3,400 ($46.97) price target on shares of Associated British Foods in a report on Monday, February 26th. Finally, Liberum Capital restated a buy rating and set a GBX 3,500 ($48.36) price target on shares of Associated British Foods in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of GBX 3,423.71 ($47.30).
Shares of Associated British Foods (LON:ABF) opened at GBX 2,607 ($36.02) on Tuesday. The company has a market cap of $20,640.00 and a PE ratio of 1,715.13. Associated British Foods has a 1-year low of GBX 2,476 ($34.21) and a 1-year high of GBX 3,387 ($46.79).
Associated British Foods Company Profile
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.
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