Associated British Foods plc (ABF) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of Associated British Foods plc (LON:ABF) in a report issued on Wednesday. Credit Suisse Group currently has a GBX 3,600 ($48.41) price objective on the stock.

Several other research firms also recently commented on ABF. JPMorgan Chase & Co. upped their price objective on shares of Associated British Foods plc from GBX 3,300 ($44.38) to GBX 3,600 ($48.41) and gave the company an overweight rating in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated an outperform rating and set a GBX 3,500 ($47.07) price target on shares of Associated British Foods plc in a research report on Monday, September 11th. Jefferies Group LLC reiterated a buy rating and set a GBX 3,600 ($48.41) price target on shares of Associated British Foods plc in a research report on Tuesday, September 12th. Barclays PLC reiterated an equal weight rating and set a GBX 3,150 ($42.36) price target on shares of Associated British Foods plc in a research report on Tuesday, August 1st. Finally, Liberum Capital reiterated a buy rating and set a GBX 3,150 ($42.36) price target on shares of Associated British Foods plc in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 3,341.75 ($44.94).

Associated British Foods plc (ABF) opened at 3193.00 on Wednesday. The firm has a 50-day moving average of GBX 3,174.03 and a 200 day moving average of GBX 2,912.63. Associated British Foods plc has a 12-month low of GBX 2,335.00 and a 12-month high of GBX 3,343.00. The company’s market capitalization is GBX 25.23 billion.

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Associated British Foods plc 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 plc (LON:ABF)

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