Associated British Foods PLC (LON:ABF) Rating Reaffirmed
Recently, In a very recent research note issued to investors and clients on Wednesday, 2 December, Associated British Foods PLC (LON:ABF) shares have had their “Overweight” Rating has decided to reaffirm by stock analysts at Barclays Capital, who currently has a GBX 3300.00 price target on company. This target by Barclays Capital would suggest the possibile downside of -12.00% from the current stock price.
From a total of 22 analysts covering Associated British Foods PLC (LON:ABF) stock, 9 rate it a ”Buy”, 3 a “Sell”, and 12 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 3760 while the lowest target price is GBX 2600. The mean of all analyst targets is GBX 3314.95 with a -6.05% below today’s (GBX 3549.18) stock price. Associated British Foods PLC was the topic of 83 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 2 with “Overweight” rating. J.P. Morgan maintained shares with “Overweight” rating and GBX 3700 target share price in a report from a November 10. Liberum Capital maintained ABF stock in a recent report from November 17 with “Buy” rating. JP Morgan maintained the rating on November 10. JP Morgan has a “Overweight” rating and a GBX 3700 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a November 11.
The stock increased 0.15% or GBX 5.18 on December 1, striking GBX 3549.18. Approximately shares of stock traded hands. Associated British Foods plc (LON:ABF) has risen 24.22% since May 5, 2015 and is uptrending. It has outperformed by 24.42% the S&P500.
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The company has a market cap of 28.06 billion GBP. The Firm operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. It has 52.7 P/E ratio. The Firm operates in five divisions, including Sugar, Agriculture, Retail, Grocery and Ingredients.