Analysts take a look at Associated British Foods plc (LON:ABF) having this to say.

October 13, 2017 - By Ellis Scott

 Analysts take a look at Associated British Foods plc (LON:ABF) having this to say.

Associated British Foods plc (LON:ABF) Ratings Coverage

Among 27 analysts covering Associated British Foods PLC (LON:ABF), 15 have Buy rating, 2 Sell and 10 Hold. Therefore 56% are positive. Associated British Foods PLC had 310 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, November 4 by Liberum Capital. The firm earned “Buy” rating on Tuesday, March 15 by Liberum Capital. The stock of Associated British Foods plc (LON:ABF) has “Buy” rating given on Tuesday, October 25 by Liberum Capital. Credit Suisse maintained Associated British Foods plc (LON:ABF) on Monday, July 4 with “Outperform” rating. On Monday, August 17 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Goldman Sachs upgraded it to “Neutral” rating and GBX 3100 target in Tuesday, September 6 report. BNP Paribas maintained the stock with “Outperform” rating in Thursday, August 6 report. RBC Capital Markets maintained Associated British Foods plc (LON:ABF) on Tuesday, September 1 with “Sector Perform” rating. The stock of Associated British Foods plc (LON:ABF) has “Overweight” rating given on Friday, September 11 by Barclays Capital. The stock of Associated British Foods plc (LON:ABF) earned “Overweight” rating by JP Morgan on Friday, July 7. Below is a list of Associated British Foods plc (LON:ABF) latest ratings and price target changes.

11/10/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 3500.00 New Target: GBX 3500.00 Maintain
05/10/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 3500.00 New Target: GBX 3500.00 Maintain
27/09/2017 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3600.00 New Target: GBX 3600.00 Maintain
22/09/2017 Broker: Goldman Sachs Rating: Buy Old Target: GBX 3585.00 New Target: GBX 3585.00 Maintain
22/09/2017 Broker: Societe Generale Rating: Buy Old Target: GBX 3600.00 New Target: GBX 3650.00 Maintain
18/09/2017 Broker: Berenberg Rating: Hold Old Target: GBX 3100.00 New Target: GBX 3200.00 Reiteration
19/09/2017 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3600.00 New Target: GBX 3600.00 Maintain
13/09/2017 Broker: Investec Rating: Buy Old Target: GBX 3410.00 New Target: GBX 3410.00 Maintain
12/09/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 3300.00 New Target: GBX 3600.00 Maintain
12/09/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 3500.00 New Target: GBX 3500.00 Maintain

The stock increased 0.18% or GBX 6 on October 13, reaching GBX 3344. About 452,580 shares traded. Associated British Foods plc (LON:ABF) has 0.00% since October 13, 2016 and is . It has underperformed by 16.70% the S&P500.

Associated British Foods plc is an international food, ingredients and retail company. The company has market cap of 26.47 billion GBP. The Company’s divisions include grocery, sugar, agriculture, ingredients and retail. It has a 24.03 P/E ratio. The Company’s geographical divisions include the United Kingdom, Europe and Africa, the Americas and Asia Pacific.

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