Associated British Foods plc’s (ABF) “Buy” Rating Reaffirmed at HSBC Holdings plc

HSBC Holdings plc reaffirmed their buy rating on shares of Associated British Foods plc (LON:ABF) in a report released on Tuesday. The firm currently has a GBX 3,700 ($47.79) price target on the stock.

Other research analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a report on Tuesday, June 20th. Kepler Capital Markets reissued a hold rating and issued a GBX 2,900 ($37.45) price target on shares of Associated British Foods plc in a report on Thursday, July 6th. Liberum Capital reissued a buy rating and issued a GBX 3,150 ($40.68) price target on shares of Associated British Foods plc in a report on Thursday, July 6th. Deutsche Bank AG reissued a buy rating and issued a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a report on Friday, June 30th. Finally, Credit Suisse Group reissued an outperform rating and issued a GBX 3,200 ($41.33) price target on shares of Associated British Foods plc in a report on Thursday, June 15th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Associated British Foods plc has a consensus rating of Buy and an average target price of GBX 3,290.53 ($42.50).

Associated British Foods plc (LON:ABF) opened at 3158.00 on Tuesday. The company’s market capitalization is GBX 24.95 billion. The company has a 50 day moving average of GBX 3,149.31 and a 200 day moving average of GBX 2,894.56. Associated British Foods plc has a 52-week low of GBX 2,335.00 and a 52-week high of GBX 3,343.00.

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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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