Associated British Foods (ABF) Receives Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of Associated British Foods (LON:ABF) in a research report sent to investors on Friday morning.

Other research analysts have also issued research reports about the company. Credit Suisse Group restated an outperform rating and set a GBX 3,700 ($51.94) price objective on shares of Associated British Foods in a research report on Thursday, December 7th. Citigroup restated a buy rating and set a GBX 3,400 ($47.73) price objective on shares of Associated British Foods in a research report on Tuesday, February 27th. Liberum Capital restated a buy rating and set a GBX 3,500 ($49.13) price objective on shares of Associated British Foods in a research report on Monday, March 5th. Shore Capital restated a buy rating on shares of Associated British Foods in a research report on Monday, March 12th. Finally, Barclays reduced their price objective on Associated British Foods from GBX 3,380 ($47.45) to GBX 3,330 ($46.74) and set an overweight rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 3,374.43 ($47.37).

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LON:ABF traded down GBX 14 ($0.20) during midday trading on Friday, reaching GBX 2,495 ($35.02). 748,902 shares of the company traded hands, compared to its average volume of 972,940. Associated British Foods has a twelve month low of GBX 2,476 ($34.76) and a twelve month high of GBX 3,387 ($47.54).

In other Associated British Foods news, insider Michael McLintock purchased 7,500 shares of Associated British Foods stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of GBX 2,716 ($38.12) per share, for a total transaction of £203,700 ($285,934.87).

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Associated British Foods Company Profile

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.

Analyst Recommendations for Associated British Foods (LON:ABF)

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