Associated British Foods plc (ABF) PT Raised to GBX 3,600 at Jefferies Group LLC
Associated British Foods plc (LON:ABF) had its price objective lifted by equities research analysts at Jefferies Group LLC from GBX 3,500 ($45.27) to GBX 3,600 ($46.56) in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s target price suggests a potential upside of 8.37% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group Inc restated a “buy” rating and issued a GBX 3,200 ($41.39) target price on shares of Associated British Foods plc in a report on Tuesday, June 20th. Kepler Capital Markets restated a “hold” rating and issued a GBX 2,900 ($37.51) target price on shares of Associated British Foods plc in a report on Thursday, July 6th. Liberum Capital restated a “buy” rating and issued a GBX 3,150 ($40.74) target price on shares of Associated British Foods plc in a report on Thursday, July 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 3,200 ($41.39) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 3,200 ($41.39) target price on shares of Associated British Foods plc in a report on Thursday, June 15th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Associated British Foods plc currently has a consensus rating of “Buy” and an average price target of GBX 3,200.53 ($41.39).
Associated British Foods plc (ABF) opened at 3322.00 on Wednesday. The firm’s market cap is GBX 26.25 billion. The stock has a 50 day moving average price of GBX 3,035.86 and a 200-day moving average price of GBX 2,830.90. Associated British Foods plc has a 1-year low of GBX 2,335.00 and a 1-year high of GBX 3,323.00.
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About Associated British Foods plc
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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