Brokerages Set Associated British Foods plc (ASBFY) Target Price at $49.00
Shares of Associated British Foods plc (NASDAQ:ASBFY) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $49.00.
Several equities analysts have recently weighed in on ASBFY shares. Zacks Investment Research upgraded Associated British Foods plc from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, September 15th. Kepler Capital Markets upgraded Associated British Foods plc from a “hold” rating to a “buy” rating in a research report on Friday, July 7th.
Associated British Foods plc (NASDAQ:ASBFY) traded down 0.47% on Friday, hitting $43.43. The company had a trading volume of 20,051 shares. The stock has a 50 day moving average of $42.71 and a 200-day moving average of $38.75. Associated British Foods plc has a one year low of $29.84 and a one year high of $44.44.
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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