Liberum Capital Reiterates “Buy” Rating for Associated British Foods (ABF)

Associated British Foods (LON:ABF)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research note issued on Tuesday.

ABF has been the subject of several other reports. UBS Group reaffirmed a “buy” rating on shares of Associated British Foods in a research note on Wednesday, October 31st. Barclays lowered their price objective on shares of Associated British Foods from GBX 3,340 ($43.64) to GBX 3,280 ($42.86) and set an “overweight” rating for the company in a research note on Tuesday, September 11th. Deutsche Bank lowered their price objective on shares of Associated British Foods from GBX 3,100 ($40.51) to GBX 3,000 ($39.20) and set a “buy” rating for the company in a research note on Thursday, August 30th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Associated British Foods in a research note on Thursday, August 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 2,765 ($36.13) price objective on shares of Associated British Foods in a research note on Tuesday, August 28th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Associated British Foods currently has a consensus rating of “Buy” and a consensus price target of GBX 3,063.41 ($40.03).

Shares of LON:ABF opened at GBX 2,627 ($34.33) on Tuesday. Associated British Foods has a 12 month low of GBX 2,476 ($32.35) and a 12 month high of GBX 3,387 ($44.26).

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.

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