Associated British Foods (LON:ABF) had its price objective dropped by investment analysts at Jefferies Financial Group from GBX 3,200 ($41.81) to GBX 2,800 ($36.59) in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 11.38% from the stock’s current price.

ABF has been the topic of a number of other research reports. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a report on Friday, January 11th. Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a report on Thursday, January 17th. Kepler Capital Markets reiterated a “buy” rating on shares of Associated British Foods in a report on Monday, December 10th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a report on Thursday, January 17th. Finally, HSBC reiterated a “buy” rating on shares of Associated British Foods in a report on Thursday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Associated British Foods currently has an average rating of “Buy” and an average target price of GBX 2,889.33 ($37.75).

LON:ABF opened at GBX 2,514 ($32.85) on Tuesday. Associated British Foods has a 52 week low of GBX 2,011 ($26.28) and a 52 week high of GBX 2,846 ($37.19). The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.83 and a current ratio of 1.63. The company has a market cap of $19.80 billion and a PE ratio of 19.72.

In related news, insider Graham Allan acquired 3,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of GBX 2,250 ($29.40) per share, for a total transaction of £67,500 ($88,200.71).

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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Analyst Recommendations for Associated British Foods (LON:ABF)

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