Shares of Associated British Foods plc (LON:ABF) have been assigned an average rating of “Buy” from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 3,157.69 ($40.99).

Several equities research analysts have commented on the company. Barclays PLC restated an “equal weight” rating and set a GBX 3,150 ($40.89) price target on shares of Associated British Foods plc in a research note on Tuesday, August 1st. HSBC Holdings plc restated a “buy” rating and set a GBX 3,700 ($48.03) price target on shares of Associated British Foods plc in a research note on Friday, July 21st. Liberum Capital restated a “buy” rating and set a GBX 3,150 ($40.89) price target on shares of Associated British Foods plc in a research note on Wednesday, July 12th. Deutsche Bank AG upped their price target on Associated British Foods plc from GBX 3,200 ($41.54) to GBX 3,300 ($42.84) and gave the stock a “buy” rating in a research note on Friday, July 7th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 3,300 ($42.84) price target on shares of Associated British Foods plc in a research note on Friday, July 7th.

COPYRIGHT VIOLATION WARNING: “Associated British Foods plc (ABF) Given Consensus Recommendation of “Buy” by Brokerages” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/associated-british-foods-plc-abf-given-consensus-recommendation-of-buy-by-brokerages/1491868.html.

Shares of Associated British Foods plc (ABF) traded down 0.06% during trading on Tuesday, reaching GBX 3153.00. The company had a trading volume of 484,240 shares. The firm’s market capitalization is GBX 24.91 billion. The firm has a 50-day moving average of GBX 2,984.15 and a 200 day moving average of GBX 2,790.45. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,185.00.

Associated British Foods plc 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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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