Associated British Foods plc (LON:ABF) Given Average Recommendation of “Buy” by Analysts

Shares of Associated British Foods plc (LON:ABF) have earned an average rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 3,157.69 ($41.12).

Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 3,200 ($41.67) price target on shares of Associated British Foods plc in a report on Tuesday, June 20th. Kepler Capital Markets restated a “hold” rating and set a GBX 2,900 ($37.77) target price on shares of Associated British Foods plc in a report on Thursday, July 6th. Liberum Capital restated a “buy” rating and set a GBX 3,100 ($40.37) target price on shares of Associated British Foods plc in a report on Wednesday, April 19th. Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($41.67) target price on shares of Associated British Foods plc in a report on Friday, June 30th. Finally, HSBC Holdings plc raised their target price on Associated British Foods plc from GBX 3,350 ($43.63) to GBX 3,700 ($48.18) and gave the stock a “buy” rating in a report on Wednesday, May 17th.

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Shares of Associated British Foods plc (LON:ABF) opened at 3154.00 on Friday. 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 capitalization is GBX 24.92 billion. The firm has a 50 day moving average of GBX 2,967.34 and a 200-day moving average of GBX 2,773.74.

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.

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