Associated British Foods plc (NASDAQ:ASBFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $46.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.96% from the company’s previous close.

According to Zacks, “Associated British Foods is a diversified international food, ingredients and retail group. The group is one of Europe’s largest food companies with a wide range of successful brands and products in the food sector, and an increasingly strong presence in advanced research and technology. “

Separately, Kepler Capital Markets upgraded shares of Associated British Foods plc from a “hold” rating to a “buy” rating in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.00.

Associated British Foods plc (ASBFY) traded up 1.3875% during mid-day trading on Tuesday, reaching $41.8325. The company’s stock had a trading volume of 6,806 shares. Associated British Foods plc has a 52-week low of $29.84 and a 52-week high of $43.21.

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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.

Analyst Recommendations for Associated British Foods plc (NASDAQ:ASBFY)

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