It’s been a crucial week for Associated British Foods plc (LON:ABF); here’s what analysts have to say.

October 13, 2018 - By Adrian Mccoy

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. UBS maintained it with “Buy” rating and GBX 3150 target in Tuesday, September 18 report. UBS maintained the stock with “Buy” rating in Friday, September 7 report. The stock of Associated British Foods plc (LON:ABF) has “Buy” rating given on Friday, July 6 by Deutsche Bank. Barclays Capital maintained Associated British Foods plc (LON:ABF) rating on Tuesday, September 11. Barclays Capital has “Overweight” rating and GBX 3280 target. Societe Generale maintained it with “Buy” rating and GBX 3100 target in Thursday, June 7 report. The firm earned “Buy” rating on Tuesday, May 8 by UBS. The firm has “Outperform” rating given on Thursday, July 5 by Credit Suisse. Goldman Sachs maintained it with “Neutral” rating and GBX 2500 target in Tuesday, September 11 report. The firm has “Buy” rating given on Monday, September 10 by Shore Capital. The firm has “Outperform” rating given on Tuesday, April 17 by Credit Suisse. 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.

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