Deutsche Bank reiterated their buy rating on shares of Associated British Foods (LON:ABF) in a report released on Friday morning. They currently have a GBX 3,500 ($47.11) target price on the stock.

ABF has been the subject of a number of other research reports. reiterated a buy rating and issued a GBX 3,700 ($49.80) price target on shares of Associated British Foods in a research note on Wednesday, September 6th. Credit Suisse Group reiterated an outperform rating and issued a GBX 3,600 ($48.45) price target on shares of Associated British Foods in a research note on Monday, September 11th. Liberum Capital lifted their price target on shares of Associated British Foods from GBX 3,150 ($42.40) to GBX 3,500 ($47.11) and gave the stock a buy rating in a research note on Monday, November 27th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 3,600 ($48.45) price target on shares of Associated British Foods in a research note on Wednesday, November 8th. Finally, Berenberg Bank lifted their price target on shares of Associated British Foods from GBX 3,100 ($41.72) to GBX 3,200 ($43.07) and gave the stock a hold rating in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of GBX 3,415.90 ($45.97).

Associated British Foods (LON:ABF) opened at GBX 2,874 ($38.68) on Friday. Associated British Foods has a twelve month low of GBX 2,335 ($31.43) and a twelve month high of GBX 3,387 ($45.59).

Associated British Foods (LON:ABF) last issued its quarterly earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.71) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 125.90 ($1.69) by GBX 1.20 ($0.02). Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%. The company had revenue of GBX 1,535.70 billion during the quarter.

The firm also recently declared a dividend, which will be paid on Friday, January 12th. Investors of record on Thursday, December 14th will be given a GBX 29.65 ($0.40) dividend. This is an increase from Associated British Foods’s previous dividend of $11.35. The ex-dividend date of this dividend is Thursday, December 14th. This represents a yield of 0.97%.

In related news, insider John Bason sold 21,716 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($40.96), for a total value of £660,817.88 ($889,391.49).

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About Associated British Foods

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.

Analyst Recommendations for Associated British Foods (LON:ABF)

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