Today, Associated British Foods plc (ABF) Given “Equal weight” Rating at Barclays PLC

Today, Associated British Foods plc (ABF) Given “Equal weight” Rating at Barclays PLC
Associated British Foods plc (LON:ABF)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays PLC in a note issued to investors on Tuesday. They presently have a GBX 3,050 ($38.11) price objective on the stock. Barclays PLC’s price target would indicate a potential upside of 16.95% from the company’s previous close.

ABF has been the topic of a number of other reports. Goldman Sachs Group Inc. upgraded shares of Associated British Foods plc to a “neutral” rating and boosted their price target for the stock from GBX 2,475 ($30.92) to GBX 3,100 ($38.73) in a research note on Tuesday, September 6th. BNP Paribas lowered their target price on shares of Associated British Foods plc from GBX 3,300 ($41.23) to GBX 2,900 ($36.23) and set an “outperform” rating on the stock in a research report on Friday, October 14th. Kepler Capital Markets began coverage on shares of Associated British Foods plc in a research report on Wednesday, August 24th. They set a “reduce” rating and a GBX 2,700 ($33.73) target price on the stock. Liberum Capital restated a “buy” rating and set a GBX 3,500 ($43.73) target price on shares of Associated British Foods plc in a research report on Monday, October 10th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 3,200 ($39.98) target price on shares of Associated British Foods plc in a research report on Monday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,048.48 ($38.09).

Shares of Associated British Foods plc (LON:ABF) traded up 0.50% during mid-day trading on Tuesday, hitting GBX 2608.00. 589,000 shares of the stock were exchanged. The stock’s market cap is GBX 20.61 billion. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00. The company has a 50-day moving average of GBX 2,519.73 and a 200 day moving average of GBX 2,768.63.

The firm also recently disclosed a dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be given a GBX 26.45 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a dividend yield of 1%. This is a positive change from Associated British Foods plc’s previous dividend of $10.30.

In other Associated British Foods plc news, insider Charles J. F. Sinclair acquired 3,240 shares of the company’s stock in a transaction dated Thursday, November 24th. The stock was bought at an average price of GBX 2,595 ($32.42) per share, with a total value of £84,078 ($105,044.98).

Related posts

Leave a Comment