Associated British Foods plc (LON:ABF) had its target price increased by Goldman Sachs Group Inc from GBX 3,000 ($38.72) to GBX 3,200 ($41.31) in a research report sent to investors on Thursday morning. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Numis Securities Ltd reissued an add rating and issued a GBX 3,128 ($40.38) target price on shares of Associated British Foods plc in a research report on Monday, February 27th. Liberum Capital reissued a buy rating and issued a GBX 3,100 ($40.02) target price on shares of Associated British Foods plc in a research report on Monday, February 27th. Shore Capital reissued a buy rating on shares of Associated British Foods plc in a research report on Monday, February 27th. Deutsche Bank AG reissued a buy rating and issued a GBX 3,200 ($41.31) target price on shares of Associated British Foods plc in a research report on Wednesday, February 15th. Finally, HSBC Holdings plc reissued a buy rating and issued a GBX 3,350 ($43.24) target price on shares of Associated British Foods plc in a research report on Wednesday, February 15th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 3,069.33 ($39.62).

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

Shares of Associated British Foods plc (LON:ABF) traded up 0.80% during mid-day trading on Thursday, hitting GBX 2884.00. The company’s stock had a trading volume of 625,837 shares. Associated British Foods plc has a 52-week low of GBX 1,910.00 and a 52-week high of GBX 3,183.00. The stock’s 50 day moving average price is GBX 2,744.91 and its 200 day moving average price is GBX 2,626.43. The company’s market cap is GBX 22.79 billion.

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The business also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, June 8th will be given a dividend of GBX 11.35 ($0.15) per share. This represents a yield of 0.41%. The ex-dividend date of this dividend is Thursday, June 8th.

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.

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