Associated British Foods plc (LON:ABF) had its price objective hoisted by Deutsche Bank AG from GBX 3,200 ($41.45) to GBX 3,300 ($42.75) in a research note published on Friday, MarketBeat reports. The firm currently has a buy rating on the stock.
ABF has been the subject of several other reports. J P Morgan Chase & Co restated an overweight rating on shares of Associated British Foods plc in a research note on Tuesday, March 14th. Liberum Capital reiterated a buy rating and set a GBX 3,100 ($40.16) price target on shares of Associated British Foods plc in a research note on Wednesday, March 29th. Jefferies Group LLC upgraded Associated British Foods plc to a buy rating and lifted their price target for the company from GBX 2,450 ($31.74) to GBX 3,100 ($40.16) in a research note on Thursday, April 13th. HSBC Holdings plc restated a buy rating and issued a GBX 3,350 ($43.39) target price on shares of Associated British Foods plc in a research note on Thursday, April 20th. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 3,200 ($41.45) target price on shares of Associated British Foods plc in a research note on Wednesday, April 19th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 3,151.44 ($40.82).
Associated British Foods plc (LON ABF) traded down 0.13% during midday trading on Friday, reaching GBX 2966.00. The company had a trading volume of 528,979 shares. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,183.00. The stock has a 50-day moving average price of GBX 2,948.17 and a 200 day moving average price of GBX 2,710.84. The company’s market capitalization is GBX 23.43 billion.
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The business also recently declared a dividend, which was paid on Friday, July 7th. Investors of record on Thursday, June 8th were paid a GBX 11.35 ($0.15) dividend. This represents a yield of 0.41%. The ex-dividend date was Thursday, June 8th.
About Associated British Foods plc
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.
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