Associated British Foods (LON:ABF)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group in a note issued to investors on Wednesday.
Other analysts also recently issued research reports about the stock. Deutsche Bank decreased their target price on shares of Associated British Foods from GBX 3,100 ($39.99) to GBX 3,000 ($38.70) and set a “buy” rating for the company in a research report on Thursday, August 30th. Citigroup reissued a “buy” rating and set a GBX 2,765 ($35.67) target price on shares of Associated British Foods in a research report on Tuesday, August 28th. HSBC reissued a “buy” rating on shares of Associated British Foods in a research report on Monday, July 9th. Shore Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Friday, July 6th. Finally, Liberum Capital reissued a “buy” rating on shares of Associated British Foods in a research report on Thursday, July 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 3,243.24 ($41.84).
LON:ABF opened at GBX 2,285 ($29.48) on Wednesday. Associated British Foods has a fifty-two week low of GBX 2,476 ($31.94) and a fifty-two week high of GBX 3,387 ($43.69).
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, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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