The Associated British Foods plc (ABF) Stock Rating Reaffirmed by Liberum Capital

The Associated British Foods plc (ABF) Stock Rating Reaffirmed by Liberum Capital

Associated British Foods plc (LON:ABF)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a research report issued on Monday. They presently have a GBX 3,500 ($45.69) price objective on the stock. Liberum Capital’s price target would indicate a potential upside of 38.44% from the company’s previous close.

ABF has been the topic of several other reports. 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 ($32.31) to GBX 3,100 ($40.46) in a research report on Tuesday, September 6th. Kepler Capital Markets assumed coverage on Associated British Foods plc in a research report on Wednesday, August 24th. They set a “reduce” rating and a GBX 2,700 ($35.24) target price on the stock. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,200 ($41.77) target price on shares of Associated British Foods plc in a research report on Monday, September 19th. Numis Securities Ltd raised Associated British Foods plc to an “add” rating and lifted their target price for the stock from GBX 2,942 ($38.40) to GBX 3,000 ($39.16) in a research report on Friday, September 23rd. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 3,300 ($43.08) target price on shares of Associated British Foods plc in a research report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 3,054.29 ($39.87).

Associated British Foods plc (LON:ABF) opened at 2510.00 on Monday. The company’s market capitalization is GBX 19.82 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 price of GBX 2,836.69 and a 200-day moving average price of GBX 2,949.37.

In other Associated British Foods plc news, insider Reid ,Richard bought 3,347 shares of the stock in a transaction on Wednesday, July 13th. The stock was purchased at an average price of GBX 2,820 ($36.81) per share, with a total value of £94,385.40 ($123,202.45).

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