Associated British Foods’ (ABF) “Buy” Rating Reaffirmed at Kepler Capital Markets

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Kepler Capital Markets in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. Shore Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 17th. Liberum Capital reiterated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 17th. UBS Group restated a “buy” rating on shares of Associated British Foods in a research note on Friday, January 11th. HSBC restated a “buy” rating on shares of Associated British Foods in a research note on Thursday, January 10th. Finally, Societe Generale reduced their price target on shares of Associated British Foods from GBX 2,378 ($31.07) to GBX 2,332 ($30.47) and set a “hold” rating on the stock in a research note on Friday, January 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Associated British Foods has a consensus rating of “Buy” and a consensus price target of GBX 2,988.13 ($39.05).

Shares of Associated British Foods stock opened at GBX 2,371 ($30.98) on Thursday. Associated British Foods has a 12-month low of GBX 2,476 ($32.35) and a 12-month high of GBX 3,387 ($44.26).

In other news, insider John Bason acquired 18,438 shares of the business’s stock in a transaction on Monday, November 26th. The shares were purchased at an average cost of GBX 2,495 ($32.60) per share, with a total value of £460,028.10 ($601,108.19).

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, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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