Can analysts adopt a bullish outlook for Associated British Foods plc (LON:ABF)?

October 13, 2018 - By Marguerite Chambers

Associated British Foods plc (LON:ABF) Logo

Associated British Foods plc (LON:ABF) Ratings Coverage

Among 15 analysts covering Associated British Foods PLC (LON:ABF), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Associated British Foods PLC had 34 analyst reports since April 17, 2018 according to SRatingsIntel. The stock of Associated British Foods plc (LON:ABF) earned “Neutral” rating by Goldman Sachs on Thursday, May 24. The company was maintained on Monday, September 10 by Shore Capital. Shore Capital maintained Associated British Foods plc (LON:ABF) on Friday, September 7 with “Buy” rating. As per Thursday, August 23, the company rating was maintained by Credit Suisse. The company was maintained on Friday, May 4 by Credit Suisse. Citigroup maintained the shares of ABF in report on Tuesday, August 28 with “Buy” rating. Deutsche Bank maintained the shares of ABF in report on Friday, July 6 with “Buy” rating. The firm has “Buy” rating by HSBC given on Monday, July 9. The rating was maintained by Liberum Capital on Thursday, July 5 with “Buy”. RBC Capital Markets maintained Associated British Foods plc (LON:ABF) on Monday, June 18 with “Outperform” rating. Below is a list of Associated British Foods plc (LON:ABF) latest ratings and price target changes.

18/09/2018 Broker: UBS Rating: Buy Old Target: GBX 3150.00 New Target: GBX 3150.00 Maintain
11/09/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 3340.00 New Target: GBX 3280.00 Maintain
11/09/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3300.00 New Target: GBX 2950.00 Maintain
11/09/2018 Broker: Goldman Sachs Rating: Neutral Old Target: GBX 2840.00 New Target: GBX 2500.00 Maintain
11/09/2018 Broker: Kepler Cheuvreux Rating: Buy Old Target: GBX 3000.00 New Target: GBX 2600.00 Maintain
10/09/2018 Broker: Shore Capital Rating: Buy Maintain
10/09/2018 Broker: Liberum Capital Rating: Buy Old Target: GBX 3500.00 Maintain
07/09/2018 Broker: Shore Capital Rating: Buy Maintain
07/09/2018 Broker: UBS Rating: Buy Old Target: GBX 3150.00 Maintain
05/09/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3300.00 Maintain

It closed at GBX 2306 lastly. It is down 0.00% since October 13, 2017 and is . It has underperformed by 15.62% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of 18.18 billion GBP. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.47 P/E ratio. The Grocery segment makes and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>