Kepler Capital Markets Increases Associated British Foods plc (ABF) Price Target to GBX 3,400

Associated British Foods plc (LON:ABF) had its target price upped by research analysts at Kepler Capital Markets from GBX 3,300 ($43.40) to GBX 3,400 ($44.72) in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 10.28% from the stock’s current price.

A number of other research firms have also weighed in on ABF. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 3,700 ($48.67) target price on shares of Associated British Foods plc in a report on Friday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a report on Tuesday, August 1st. Liberum Capital reaffirmed a “buy” rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a report on Wednesday, August 30th. Jefferies Group LLC lifted their target price on Associated British Foods plc from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) lifted their target price on Associated British Foods plc from GBX 3,330 ($43.80) to GBX 3,585 ($47.15) and gave the company a “buy” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Associated British Foods plc has an average rating of “Buy” and a consensus price target of GBX 3,321.65 ($43.69).

Shares of Associated British Foods plc (ABF) opened at GBX 3,083 ($40.55) on Monday. Associated British Foods plc has a 52 week low of GBX 2,335 ($30.71) and a 52 week high of GBX 3,387 ($44.55).

Associated British Foods plc (LON:ABF) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). Associated British Foods plc had a return on equity of 12.97% and a net margin of 7.01%. The business had revenue of GBX 1,535.70 billion for the quarter.

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About Associated British Foods plc

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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