A number of other brokerages have also recently commented on ABF. Liberum Capital reissued a buy rating and issued a GBX 3,500 ($48.36) price target on shares of Associated British Foods in a research report on Monday, December 11th. Deutsche Bank reissued a buy rating and issued a GBX 3,500 ($48.36) price target on shares of Associated British Foods in a research report on Tuesday, November 21st. Morgan Stanley cut Associated British Foods to an equal weight rating and upped their price objective for the company from GBX 2,800 ($38.68) to GBX 3,100 ($42.83) in a research report on Tuesday, November 28th. Citigroup reaffirmed a buy rating and issued a GBX 3,400 ($46.97) price objective on shares of Associated British Foods in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 3,600 ($49.74) price objective on shares of Associated British Foods in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 3,400.62 ($46.98).
Shares of Associated British Foods (ABF) opened at GBX 2,560 ($35.37) on Monday. Associated British Foods has a 12-month low of GBX 2,476 ($34.21) and a 12-month high of GBX 3,387 ($46.79). The company has a market capitalization of $20,270.00 and a P/E ratio of 1,684.21.
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About Associated British Foods
Associated British Foods plc is an international food, ingredients and retail company. The Company’s segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses.
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