Associated British Foods (LON:ABF) Rating Reaffirmed
The broker has just set a target price per share of GBX 3215.00 on Associated British Foods (LON:ABF) shares. This is -10.37% from the last price. In a comprehensive report disseminated on 7 December, Nomura has decided to restate their Neutral rating on shares of ABF.
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 3347.68 with a -6.32% below today’s (GBX 3585) stock price. Associated British Foods PLC was the topic of 85 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 3 with “Neutral” rating. Bernstein maintained shares with “Market Perform” rating and GBX 3200 target share price in a report from a November 11. Barclays Capital maintained ABF stock in a recent report from December 2 with “Overweight” rating. Berenberg maintained the rating on November 11. Berenberg has a “Hold” rating and a GBX 3450 price target on shares. Finally, Liberum Capital maintained the stock with “Buy” rating in a report issued on a November 17.
Approximately 162,677 shares of stock traded hands. Associated British Foods plc (LON:ABF) has risen 19.02% since May 8, 2015 and is uptrending. It has outperformed by 20.10% 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 28.54 billion GBP. The Firm operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. It has 53.23 P/E ratio. The Firm operates in five divisions, including Sugar, Agriculture, Retail, Grocery and Ingredients.