Associated British Foods (ABF) Stock Rating Reaffirmed by UBS Group

UBS Group reissued their buy rating on shares of Associated British Foods (LON:ABF) in a report released on Tuesday, investing.thisismoney.co.uk reports.

A number of other research firms also recently weighed in on ABF. Kepler Capital Markets decreased their price objective on Associated British Foods from GBX 3,000 ($39.20) to GBX 2,600 ($33.97) and set a buy rating for the company in a report on Tuesday, September 11th. Royal Bank of Canada decreased their price objective on Associated British Foods from GBX 3,100 ($40.51) to GBX 2,700 ($35.28) and set an outperform rating for the company in a report on Tuesday, October 16th. HSBC restated a buy rating on shares of Associated British Foods in a report on Monday, July 9th. Goldman Sachs Group decreased their price objective on Associated British Foods from GBX 2,840 ($37.11) to GBX 2,500 ($32.67) and set a neutral rating for the company in a report on Tuesday, September 11th. Finally, Credit Suisse Group decreased their price objective 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 report on Tuesday, September 11th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 3,023.63 ($39.51).

LON ABF opened at GBX 2,638 ($34.47) on Tuesday. Associated British Foods has a twelve month low of GBX 2,476 ($32.35) and a twelve month high of GBX 3,387 ($44.26).

The firm also recently declared a dividend, which will be paid on Friday, January 11th. Shareholders of record on Thursday, December 13th will be issued a dividend of GBX 33.30 ($0.44) per share. This is an increase from Associated British Foods’s previous dividend of $11.70. This represents a yield of 1.35%. The ex-dividend date of this dividend is Thursday, December 13th.

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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Analyst Recommendations for Associated British Foods (LON:ABF)

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