Associated British Foods (LON:ABF) had its target price cut by Kepler Capital Markets from GBX 3,000 ($39.08) to GBX 2,600 ($33.87) in a research report released on Tuesday, September 11th. They currently have a buy rating on the stock.
Several other research analysts also recently weighed in on the stock. Liberum Capital reaffirmed a buy rating and issued a GBX 3,500 ($45.59) target price on shares of Associated British Foods in a report on Monday, September 10th. UBS Group reaffirmed a buy rating on shares of Associated British Foods in a report on Friday, September 7th. Shore Capital reaffirmed a buy rating on shares of Associated British Foods in a report on Friday, September 7th. Credit Suisse Group reiterated an outperform rating on shares of Associated British Foods in a research note on Wednesday, September 5th. Finally, Barclays reiterated an overweight rating on shares of Associated British Foods in a research note on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 3,146.40 ($40.98).
Associated British Foods stock traded up GBX 27 ($0.35) during mid-day trading on Tuesday, hitting GBX 2,289 ($29.82). The stock had a trading volume of 1,218,819 shares, compared to its average volume of 972,940. Associated British Foods has a one year low of GBX 2,476 ($32.25) and a one year high of GBX 3,387 ($44.12).
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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