Trading Report: The Associated British Foods plc (ABF) Price Target Cut to GBX 2,900 by Analysts at BNP Paribas

The Associated British Foods plc (ABF) Price Target Cut to GBX 2,900 by Analysts at BNP Paribas

Associated British Foods plc (LON:ABF) had its price objective decreased by analysts at BNP Paribas from GBX 3,300 ($40.84) to GBX 2,900 ($35.89) in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. BNP Paribas’ target price points to a potential upside of 19.10% from the stock’s current price.

ABF has been the subject of several other research reports. Goldman Sachs Group Inc. raised shares of Associated British Foods plc to a “neutral” rating and raised their price objective for the stock from GBX 2,475 ($30.63) to GBX 3,100 ($38.37) in a report on Tuesday, September 6th. Kepler Capital Markets started coverage on shares of Associated British Foods plc in a report on Wednesday, August 24th. They set a “reduce” rating and a GBX 2,700 ($33.42) price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 3,200 ($39.60) price objective on shares of Associated British Foods plc in a report on Monday, September 19th. Numis Securities Ltd raised shares of Associated British Foods plc to an “add” rating and raised their price objective for the stock from GBX 2,942 ($36.41) to GBX 3,000 ($37.13) in a report on Friday, September 23rd. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 3,500 ($43.32) price objective on shares of Associated British Foods plc in a report on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,035.24 ($37.56).

Associated British Foods plc (LON:ABF) opened at 2465.20 on Friday. The company’s market cap is GBX 19.47 billion. Associated British Foods plc has a 12-month low of GBX 1,910.00 and a 12-month high of GBX 3,606.00. The firm has a 50 day moving average price of GBX 2,784.11 and a 200 day moving average price of GBX 2,923.90.

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