Associated British Foods (LON: ABF)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 2,000 ($30.42) price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 10.80% from the stock’s previous close.
Shares of Associated British Foods (LON: ABF) opened at 1836.00 on Friday. Associated British Foods has a 52 week low of GBX 1237.00 and a 52 week high of GBX 2044.00. The stock’s 50-day moving average is currently GBX 1299.56. The company’s market cap is £14.490 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Associated British Foods in a research note to investors on Thursday. They now have a GBX 1,800 ($27.38) price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Associated British Foods in a research note to investors on Tuesday, June 25th. They now have a GBX 2,100 ($31.94) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Associated British Foods in a research note to investors on Tuesday, June 25th. They now have a GBX 1,850 ($28.14) price target on the stock.
Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,880.10 ($28.60).
Associated British Foods plc (LON: ABF) is a holding company.