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).

In related news, insider Michael McLintock acquired 7,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of GBX 2,716 ($37.52) per share, with a total value of £203,700 ($281,431.33).

ILLEGAL ACTIVITY WARNING: This story was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at

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)

Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with's FREE daily email newsletter.