Associated British Foods plc (ABF) Price Target Raised to GBX 2,650 at Goldman Sachs Group Inc.
Associated British Foods plc (LON:ABF) had its price objective hoisted by Goldman Sachs Group Inc. from GBX 2,600 ($32.25) to GBX 2,650 ($32.87) in a report issued on Monday. They currently have a neutral rating on the stock.
A number of other brokerages have also commented on ABF. Liberum Capital reaffirmed a buy rating and issued a GBX 3,600 ($44.66) price objective on shares of Associated British Foods plc in a report on Monday, September 12th. Berenberg Bank lowered Associated British Foods plc to a hold rating and upped their price objective for the company from GBX 2,760 ($34.24) to GBX 3,000 ($37.22) in a report on Wednesday, August 31st. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 3,200 ($39.70) price objective on shares of Associated British Foods plc in a report on Wednesday, August 31st. Kepler Capital Markets assumed coverage on Associated British Foods plc in a report on Wednesday, August 24th. They issued a reduce rating and a GBX 2,700 ($33.49) price objective on the stock. Finally, Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 3,550 ($44.04) price objective on shares of Associated British Foods plc in a report on Tuesday, August 16th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,027.05 ($37.55).
Associated British Foods plc (LON:ABF) opened at 2565.00 on Monday. Associated British Foods plc has a 12-month low of GBX 1,910.00 and a 12-month high of GBX 3,606.00. The company’s market capitalization is GBX 20.27 billion. The company has a 50 day moving average price of GBX 2,520.58 and a 200-day moving average price of GBX 2,759.71.
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The firm also recently announced a dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be issued a GBX 26.45 ($0.33) dividend. This is an increase from Associated British Foods plc’s previous dividend of $10.30. This represents a yield of 1%. The ex-dividend date is Thursday, December 15th.
In other Associated British Foods plc news, insider Charles J. F. Sinclair bought 3,240 shares of the stock in a transaction on Thursday, November 24th. The stock was acquired at an average cost of GBX 2,595 ($32.19) per share, for a total transaction of £84,078 ($104,302.20).
About Associated British Foods plc
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.
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