Associated British Foods plc (LON:ABF) Given “Buy” Rating at Liberum Capital
Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a report released on Wednesday, StockTargetPrices.com reports. They presently have a GBX 3,150 ($40.80) target price on the stock. Liberum Capital’s target price indicates a potential upside of 10.72% from the company’s previous close.
A number of other research firms also recently issued reports on ABF. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 3,000 ($38.86) price target on shares of Associated British Foods plc in a research note on Thursday, April 20th. Kepler Capital Markets raised their price target on Associated British Foods plc from GBX 2,700 ($34.97) to GBX 2,900 ($37.56) and gave the stock a “hold” rating in a research note on Thursday, April 20th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 3,300 ($42.75) price target on shares of Associated British Foods plc in a research note on Friday, July 7th. Credit Suisse Group dropped their price target on Associated British Foods plc from GBX 3,550 ($45.98) to GBX 3,200 ($41.45) and set an “outperform” rating on the stock in a research note on Thursday, April 13th. Finally, Jefferies Group LLC raised their price target on Associated British Foods plc from GBX 3,100 ($40.16) to GBX 3,500 ($45.34) and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 3,151.44 ($40.82).
Shares of Associated British Foods plc (ABF) opened at 2845.00 on Wednesday. The company has a 50-day moving average price of GBX 2,948.17 and a 200-day moving average price of GBX 2,710.84. Associated British Foods plc has a 12 month low of GBX 2,335.00 and a 12 month high of GBX 3,183.00. The stock’s market cap is GBX 22.48 billion.
The firm also recently declared a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, June 8th were paid a GBX 11.35 ($0.15) dividend. The ex-dividend date was Thursday, June 8th. This represents a dividend yield of 0.41%.
ILLEGAL ACTIVITY NOTICE: “Associated British Foods plc (LON:ABF) Given “Buy” Rating at Liberum Capital” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/associated-british-foods-plc-lonabf-given-buy-rating-at-liberum-capital/1430853.html.
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.
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.