Deutsche Bank AG Reiterates Buy Rating for Associated British Foods plc (ABF)

Deutsche Bank AG reaffirmed their buy rating on shares of Associated British Foods plc (LON:ABF) in a research note released on Thursday. They currently have a GBX 3,500 ($46.43) price target on the stock.

Several other equities analysts have also issued reports on ABF. Credit Suisse Group reiterated an outperform rating and issued a GBX 3,600 ($47.75) target price on shares of Associated British Foods plc in a research note on Monday, September 11th. Berenberg Bank lifted their target price on Associated British Foods plc from GBX 3,100 ($41.12) to GBX 3,200 ($42.45) and gave the company a hold rating in a research note on Monday, September 18th. HSBC Holdings plc reiterated a buy rating and issued a GBX 3,700 ($49.08) target price on shares of Associated British Foods plc in a research note on Wednesday, June 7th. Liberum Capital reiterated a buy rating and issued a GBX 3,150 ($41.78) target price on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 3,300 ($43.77) target price on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 3,341.75 ($44.33).

Associated British Foods plc (LON:ABF) opened at 3277.00 on Thursday. The company has a 50-day moving average of GBX 3,215.46 and a 200-day moving average of GBX 2,963.08. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,343.00. The company’s market cap is GBX 25.89 billion.

WARNING: “Deutsche Bank AG Reiterates Buy Rating for Associated British Foods plc (ABF)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/deutsche-bank-ag-reitera

Several other equities analysts have also issued reports on ABF. Credit Suisse Group reiterated an outperform rating and issued a GBX 3,600 ($47.75) target price on shares of Associated British Foods plc in a research note on Monday, September 11th. Berenberg Bank lifted their target price on Associated British Foods plc from GBX 3,100 ($41.12) to GBX 3,200 ($42.45) and gave the company a hold rating in a research note on Monday, September 18th. HSBC Holdings plc reiterated a buy rating and issued a GBX 3,700 ($49.08) target price on shares of Associated British Foods plc in a research note on Wednesday, June 7th. Liberum Capital reiterated a buy rating and issued a GBX 3,150 ($41.78) target price on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 3,300 ($43.77) target price on shares of Associated British Foods plc in a research note on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 3,341.75 ($44.33).

Associated British Foods plc (LON:ABF) opened at 3277.00 on Thursday. The company has a 50-day moving average of GBX 3,215.46 and a 200-day moving average of GBX 2,963.08. Associated British Foods plc has a 52 week low of GBX 2,335.00 and a 52 week high of GBX 3,343.00. The company’s market cap is GBX 25.89 billion.

WARNING: “Deutsche Bank AG Reiterates Buy Rating for Associated British Foods plc (ABF)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/deutsche-bank-ag-reiterates-buy-rating-for-associated-british-foods-plc-abf.html.

Associated British Foods plc Company Profile

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.

Analyst Recommendations for Associated British Foods plc (LON:ABF)

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