Liberum Capital Reaffirms “Buy” Rating for Associated British Foods (ABF)
Several other research analysts also recently commented on the company. HSBC lowered their target price on Associated British Foods from GBX 3,400 ($44.43) to GBX 3,250 ($42.47) and set a buy rating for the company in a research note on Wednesday, November 7th. Kepler Capital Markets boosted their target price on Associated British Foods from GBX 2,600 ($33.97) to GBX 2,800 ($36.59) and gave the stock a buy rating in a research note on Wednesday, November 7th. Barclays reissued an overweight rating on shares of Associated British Foods in a research note on Wednesday, November 7th. JPMorgan Chase & Co. reissued an overweight rating on shares of Associated British Foods in a research note on Wednesday, November 7th. Finally, UBS Group reissued a buy rating on shares of Associated British Foods in a research note on Tuesday, November 6th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Associated British Foods currently has a consensus rating of Buy and an average price target of GBX 3,023.63 ($39.51).
Shares of LON ABF opened at GBX 2,242 ($29.30) on Friday. Associated British Foods has a 12 month low of GBX 2,476 ($32.35) and a 12 month high of GBX 3,387 ($44.26).
In other news, insider John Bason acquired 18,438 shares of the stock in a transaction dated Monday, November 26th. The stock was bought at an average price of GBX 2,495 ($32.60) per share, with a total value of £460,028.10 ($601,108.19).
Associated British Foods Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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