Associated British Foods (ABF) Rating Reiterated by Barclays

Associated British Foods (LON:ABF)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report issued on Wednesday.

A number of other equities analysts also recently issued reports on ABF. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Associated British Foods in a research note on Wednesday. Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Friday, September 7th. UBS Group reiterated a “buy” rating on shares of Associated British Foods in a research note on Tuesday. Finally, Credit Suisse Group cut their price target on Associated British Foods from GBX 3,300 ($43.12) to GBX 2,950 ($38.55) and set an “outperform” rating for the company in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Associated British Foods presently has a consensus rating of “Buy” and a consensus target price of GBX 3,072.24 ($40.14).

ABF stock opened at GBX 2,460 ($32.14) on Wednesday. Associated British Foods has a 52-week low of GBX 2,476 ($32.35) and a 52-week 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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