UBS Group reissued their neutral rating on shares of Associated British Foods (LON:ABF) in a research report released on Monday, February 26th, www.digitallook.com reports. The firm currently has a GBX 3,150 ($43.52) price target on the stock.
A number of other brokerages have also recently commented on ABF. Liberum Capital reaffirmed a buy rating and set a GBX 3,500 ($48.36) target price on shares of Associated British Foods in a report on Monday, December 11th. Deutsche Bank reaffirmed a buy rating and set a GBX 3,500 ($48.36) target price on shares of Associated British Foods in a report on Tuesday, November 21st. Morgan Stanley cut shares of Associated British Foods to an equal weight rating and upped their target price for the company from GBX 2,800 ($38.68) to GBX 3,100 ($42.83) in a report on Tuesday, November 28th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 3,600 ($49.74) target price on shares of Associated British Foods in a report on Friday, January 19th. Finally, reaffirmed a buy rating and set a GBX 3,700 ($51.12) target price on shares of Associated British Foods in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Associated British Foods has a consensus rating of Buy and an average price target of GBX 3,400.62 ($46.98).
Shares of Associated British Foods (ABF) remained flat at $GBX 2,560 ($35.37) during trading on Monday. 836,272 shares of the company were exchanged, compared to its average volume of 971,264. Associated British Foods has a one year low of GBX 2,476 ($34.21) and a one year high of GBX 3,387 ($46.79). The company has a market cap of $20,270.00 and a P/E ratio of 1,684.21.
In other news, insider Michael McLintock acquired 7,500 shares of Associated British Foods stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of GBX 2,716 ($37.52) per share, with a total value of £203,700 ($281,431.33).
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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