Trade Report: The Associated British Foods plc’s (ABF) Buy Rating Reaffirmed at Liberum Capital

The Associated British Foods plc’s (ABF) Buy Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their buy rating on shares of Associated British Foods plc (LON:ABF) in a research report report published on Monday. The firm currently has a GBX 3,500 ($43.32) price target on the stock.

A number of other research firms have also recently commented on ABF. Goldman Sachs Group Inc. raised Associated British Foods plc to a neutral rating and raised their price target for the company from GBX 2,475 ($30.63) to GBX 3,100 ($38.37) in a report on Tuesday, September 6th. Deutsche Bank AG reissued a buy rating and set a GBX 3,200 ($39.60) price target on shares of Associated British Foods plc in a report on Wednesday, August 31st. Berenberg Bank cut Associated British Foods plc to a hold rating and raised their price target for the company from GBX 2,760 ($34.16) to GBX 3,000 ($37.13) in a report on Wednesday, August 31st. Kepler Capital Markets assumed coverage on Associated British Foods plc in a report on Wednesday, August 24th. They set a reduce rating and a GBX 2,700 ($33.42) price target on the stock. Finally, Credit Suisse Group AG reissued an outperform rating and set a GBX 3,550 ($43.94) price target on shares of Associated British Foods plc in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 3,054.29 ($37.80).

Shares of Associated British Foods plc (LON:ABF) opened at 2435.00 on Monday. The stock’s market capitalization is GBX 19.23 billion. The company’s 50-day moving average price is GBX 2,784.11 and its 200 day moving average price is GBX 2,923.90. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00.

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