Research Analysts' Weekly Ratings Changes for Associated British Foods plc (ABF)

Galtero Lara
Abril 17, 2018

It also anticipates "continued profit growth from our other non-Sugar businesses".

Zacks Investment Research upgraded shares of Associated British Foods (OTCMKTS:ASBFY) from a hold rating to a buy rating in a research note published on Thursday, March 22nd. Royal Bank of Canada dropped their price objective on Associated British Foods from GBX 2,900 ($41.52) to GBX 2,700 ($38.66) and set an "outperform" rating for the company in a report on Monday, March 26th. Deutsche Bank restated a buy rating on shares of Associated British Foods in a research note on Friday, April 6th. Credit Suisse Group reiterated an outperform rating and set a GBX 3,700 ($52.98) target price on shares of Associated British Foods in a research report on Wednesday, January 10th. Five analysts have rated the stock with a buy rating, Associated British Foods now has a consensus rating of Buy and an average target price of $40.00. The stock has a consensus rating of "Buy" and an average target price of GBX 3,355.38 ($48.04).

LON:ABF traded down GBX 37 ($0.53) on Friday, reaching GBX 2,583 ($36.98). The company had a trading volume of 538,661 shares, compared to its average volume of 972,940. Associated British Foods plc has a 12-month low of GBX 1,910.00 and a 12-month high of GBX 3,465.00.

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Associated British Foods left its annual outlook intact after falling first-half profit at the company's sugar business offset growth at Primark and other businesses, leaving the group result little changed. The stock was acquired at an average cost of GBX 2,716 ($38.39) per share, for a total transaction of £203,700 ($287,915.19).

TRADEMARK VIOLATION NOTICE: This article was posted by Week Herald and is the property of of Week Herald. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and worldwide copyright law. The Company's segments include grocery, sugar, agriculture, ingredients and retail. 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.

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