Shares of Associated British Foods plc (LON:ABF) have been given a consensus recommendation of “Buy” by the twenty ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,102.65 ($40.54).
ABF has been the topic of several analyst reports. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a research note on Friday, September 7th. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Friday, September 7th. HSBC reiterated a “buy” rating on shares of Associated British Foods in a research note on Monday, July 9th. Deutsche Bank dropped their price target on shares of Associated British Foods from GBX 3,300 ($43.12) to GBX 3,100 ($40.51) and set a “buy” rating on the stock in a research note on Friday, July 6th. Finally, Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Thursday, July 5th.
LON:ABF traded down GBX 22 ($0.29) during trading hours on Friday, reaching GBX 2,300 ($30.05). The company had a trading volume of 885,755 shares, compared to its average volume of 972,940. Associated British Foods has a 52 week low of GBX 2,476 ($32.35) and a 52 week high of GBX 3,387 ($44.26).
About Associated British Foods
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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