Associated British Foods’ (ABF) “Outperform” Rating Reiterated at Credit Suisse Group
Associated British Foods (LON:ABF)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a research note issued on Monday. They presently have a GBX 3,700 ($51.12) price objective on the stock. Credit Suisse Group’s target price suggests a potential upside of 42.53% from the stock’s current price.
ABF has been the subject of several other reports. Liberum Capital lifted their price target on Associated British Foods from GBX 3,150 ($43.52) to GBX 3,500 ($48.36) and gave the stock a “buy” rating in a report on Monday, November 27th. Barclays raised Associated British Foods to an “overweight” rating and lifted their price target for the stock from GBX 3,290 ($45.45) to GBX 3,380 ($46.70) in a report on Tuesday, January 16th. Kepler Capital Markets reissued 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. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 3,600 ($49.74) price target on shares of Associated British Foods in a report on Wednesday, November 8th. Finally, Shore Capital reissued a “buy” rating on shares of Associated British Foods in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 3,423.71 ($47.30).
Shares of Associated British Foods (LON ABF) opened at GBX 2,596 ($35.87) on Monday. The firm has a market capitalization of $20,640.00 and a P/E ratio of 1,707.89. Associated British Foods has a fifty-two week low of GBX 2,476 ($34.21) and a fifty-two week high of GBX 3,387 ($46.79).
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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.
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