Barclays reiterated their overweight rating on shares of Associated British Foods (LON:ABF) in a report released on Friday morning.
A number of other research analysts also recently commented on ABF. Credit Suisse Group decreased their price objective on shares of Associated British Foods from GBX 3,700 ($52.98) to GBX 3,300 ($47.25) and set an outperform rating for the company in a research report on Monday, April 9th. Royal Bank of Canada reissued a sector performer rating and issued a GBX 3,100 ($44.39) price objective on shares of Associated British Foods in a research report on Monday, January 8th. Deutsche Bank restated a buy rating on shares of Associated British Foods in a research note on Friday, April 6th. Shore Capital restated a buy rating on shares of Associated British Foods in a research note on Monday, February 26th. Finally, UBS restated a neutral rating and set a GBX 3,150 ($45.10) target price on shares of Associated British Foods in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Associated British Foods has an average rating of Buy and an average target price of GBX 3,355.38 ($48.04).
Shares of ABF opened at GBX 2,583 ($36.98) on Friday. Associated British Foods has a one year low of GBX 2,476 ($35.45) and a one year high of GBX 3,387 ($48.50).
In other Associated British Foods news, insider Michael McLintock acquired 7,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average price of GBX 2,716 ($38.89) per share, for a total transaction of £203,700 ($291,666.67).
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Associated British Foods Company Profile
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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