Associated British Foods (LON:ABF)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research note issued to investors on Wednesday.
ABF has been the subject of a number of other reports. Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a report on Tuesday. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a report on Wednesday, October 31st. Deutsche Bank decreased their price target on Associated British Foods from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a report on Thursday, August 30th. Credit Suisse Group reiterated an “outperform” rating on shares of Associated British Foods in a report on Thursday, August 23rd. Finally, Citigroup reiterated a “buy” rating and set a GBX 2,765 ($36.13) price target on shares of Associated British Foods in a report on Tuesday, August 28th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Associated British Foods presently has a consensus rating of “Buy” and an average target price of GBX 3,072.24 ($40.14).
Shares of LON:ABF opened at GBX 2,460 ($32.14) on Wednesday. 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).
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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