Associated British Foods (ABF) Price Target Raised to GBX 3,400

Associated British Foods (LON:ABF) had its price objective upped by Kepler Capital Markets from GBX 3,300 ($44.19) to GBX 3,400 ($45.53) in a note issued to investors on Monday, November 13th. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ price target indicates a potential upside of 17.79% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank reissued a “buy” rating and set a GBX 3,500 ($46.87) price objective on shares of Associated British Foods in a research note on Tuesday, October 24th. reaffirmed a “buy” rating and set a GBX 3,700 ($49.55) price target on shares of Associated British Foods in a research note on Friday, July 21st. Macquarie began coverage on shares of Associated British Foods in a research note on Friday, October 27th. They set an “underperform” rating and a GBX 2,900 ($38.84) price target on the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,150 ($42.19) price target on shares of Associated British Foods in a research note on Wednesday, August 30th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 3,585 ($48.01) price target on shares of Associated British Foods in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 3,415.90 ($45.75).

Shares of Associated British Foods (LON:ABF) traded down GBX 61.39 ($0.82) during midday trading on Monday, hitting GBX 2,886.61 ($38.66). 1,520,000 shares of the company’s stock traded hands, compared to its average volume of 884,259. Associated British Foods has a 12 month low of GBX 2,335 ($31.27) and a 12 month high of GBX 3,387 ($45.36).

Associated British Foods (LON:ABF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 127.10 ($1.70) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 125.90 ($1.69) by GBX 1.20 ($0.02). The business had revenue of GBX 1,535.70 billion for the quarter. Associated British Foods had a net margin of 7.01% and a return on equity of 12.97%.

In other Associated British Foods news, insider John Bason sold 21,716 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of GBX 3,043 ($40.75), for a total transaction of £660,817.88 ($884,984.44).

TRADEMARK VIOLATION WARNING: This piece was published by BBNS and is the property of of BBNS. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/associated-british-foods-plc-abf-price-target-raised-to-gbx-3400-at-kepler-capital-markets/1780537.html.

Associated British Foods Company Profile

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.

Analyst Recommendations for Associated British Foods (LON:ABF)

Receive News & Ratings for Associated British Foods plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods plc and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.