Associated British Foods plc (ABF) Receives “Buy” Rating from Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report released on Wednesday. The brokerage currently has a GBX 3,150 ($40.74) price objective on the stock.
Several other equities analysts also recently issued reports on the stock. Barclays PLC restated an equal weight rating and set a GBX 3,150 ($40.74) price objective on shares of Associated British Foods plc in a report on Tuesday, August 1st. HSBC Holdings plc restated a buy rating and set a GBX 3,700 ($47.85) price objective on shares of Associated British Foods plc in a report on Friday, July 21st. Deutsche Bank AG upped their price objective on shares of Associated British Foods plc from GBX 3,200 ($41.39) to GBX 3,300 ($42.68) and gave the company a buy rating in a report on Friday, July 7th. J P Morgan Chase & Co restated an overweight rating and set a GBX 3,300 ($42.68) price objective on shares of Associated British Foods plc in a report on Friday, July 7th. Finally, Credit Suisse Group increased their price target on shares of Associated British Foods plc from GBX 3,200 ($41.39) to GBX 3,350 ($43.33) and gave the stock an outperform rating in a report on Thursday, July 6th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 3,188 ($41.23).
Shares of Associated British Foods plc (LON ABF) opened at 3291.00 on Wednesday. The company’s market capitalization is GBX 26.00 billion. The firm has a 50-day moving average of GBX 3,035.86 and a 200-day moving average of GBX 2,830.90. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,301.00.
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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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