Associated British Foods plc (LON:ABF) had its price objective hoisted by Goldman Sachs Group Inc. from GBX 2,600 ($32.25) to GBX 2,650 ($32.87) in a report issued on Monday. They currently have a neutral rating on the stock.
A number of other brokerages have also commented on ABF. Liberum Capital reaffirmed a buy rating and issued a GBX 3,600 ($44.66) price objective on shares of Associated British Foods plc in a report on Monday, September 12th. Berenberg Bank lowered Associated British Foods plc to a hold rating and upped their price objective for the company from GBX 2,760 ($34.24) to GBX 3,000 ($37.22) in a report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,200 ($39.70) price objective on shares of Associated British Foods plc 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 issued a reduce rating and a GBX 2,700 ($33.49) price objective on the stock. Finally, Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 3,550 ($44.04) price objective on shares of Associated British Foods plc in a report on Tuesday, August 16th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,027.05 ($37.55).
Associated British Foods plc (LON:ABF) opened at 2565.00 on Monday. 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 company’s market capitalization is GBX 20.27 billion. The company has a 50 day moving average price of GBX 2,520.58 and a 200-day moving average price of GBX 2,759.71.
The firm also recently announced a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be issued a GBX 26.45 ($0.33) dividend. This is an increase from Associated British Foods plc’s previous dividend of $10.30. This represents a yield of 1%. The ex-dividend date is Thursday, December 15th.
In other Associated British Foods plc news, insider Charles J. F. Sinclair bought 3,240 shares of the stock in a transaction on Thursday, November 24th. The stock was acquired at an average cost of GBX 2,595 ($32.19) per share, for a total transaction of £84,078 ($104,302.20).