Associated British Foods plc (ABF) PT Raised to GBX 3,400 at Kepler Capital Markets

Associated British Foods plc (LON:ABF) had its target price raised by stock analysts at Kepler Capital Markets from GBX 3,300 ($43.40) to GBX 3,400 ($44.72) in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 9.93% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ABF. Deutsche Bank AG restated a “buy” rating and set a GBX 3,500 ($46.03) target price on shares of Associated British Foods plc in a research report on Wednesday, November 8th. Liberum Capital restated a “buy” rating and set a GBX 3,150 ($41.43) target price on shares of Associated British Foods plc in a research report on Tuesday, November 7th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 3,600 ($47.35) price objective on shares of Associated British Foods plc in a research report on Wednesday, November 8th. reissued a “buy” rating and issued a GBX 3,700 ($48.67) price objective on shares of Associated British Foods plc in a research report on Wednesday, November 8th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 3,600 ($47.35) price objective on shares of Associated British Foods plc in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 3,378.40 ($44.44).

Associated British Foods plc (ABF) opened at GBX 3,093 ($40.68) 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 earnings results on Tuesday, November 7th. The company reported GBX 127.10 ($1.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 125.90 ($1.66) by GBX 1.20 ($0.02). The company had revenue of GBX 1,535.70 billion during the quarter. Associated British Foods plc had a net margin of 7.01% and a return on equity of 12.97%.

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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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