Associated British Foods plc (ABF) Given Buy Rating at HSBC Holdings plc

HSBC Holdings plc reiterated their buy rating on shares of Associated British Foods plc (LON:ABF) in a report released on Thursday. They currently have a GBX 3,700 ($48.83) target price on the stock.

Other equities analysts have also issued reports about the company. Liberum Capital reaffirmed a buy rating and set a GBX 3,150 ($41.57) target price on shares of Associated British Foods plc in a report on Wednesday, July 12th. Deutsche Bank AG upped their target price on Associated British Foods plc from GBX 3,200 ($42.23) to GBX 3,300 ($43.55) and gave the stock a buy rating in a research report on Friday, July 7th. Shore Capital reiterated a buy rating on shares of Associated British Foods plc in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) increased their price objective on Associated British Foods plc from GBX 3,330 ($43.94) to GBX 3,585 ($47.31) and gave the company a buy rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC boosted their target price on shares of Associated British Foods plc from GBX 3,500 ($46.19) to GBX 3,600 ($47.51) and gave the company a buy rating in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Associated British Foods plc presently has an average rating of Buy and a consensus target price of GBX 3,315.76 ($43.76).

Associated British Foods plc (ABF) traded up GBX 71 ($0.94) during trading hours on Thursday, hitting GBX 3,333 ($43.98). The stock had a trading volume of 521,570 shares.

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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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