Published On: Mon, Sep 12th, 2016

Investment Analysts’ Recent Ratings Changes for Associated British Foods plc (ABF)

A number of research firms have changed their ratings and price targets for Associated British Foods plc (LON: ABF):

9/12/2016 – Associated British Foods plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,600 ($47.95) price target on the stock.
9/6/2016 – Associated British Foods plc was upgraded by analysts at Goldman Sachs Group Inc. to a “neutral” rating. They now have a GBX 3,100 ($41.29) price target on the stock, up previously from GBX 2,475 ($32.96).
8/31/2016 – Associated British Foods plc was downgraded by analysts at Berenberg Bank to a “hold” rating. They now have a GBX 3,000 ($39.96) price target on the stock, up previously from GBX 2,760 ($36.76).
8/31/2016 – Associated British Foods plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,600 ($47.95) price target on the stock.
8/31/2016 – Associated British Foods plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 3,200 ($42.62) price target on the stock.
8/30/2016 – Associated British Foods plc was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating. They now have a GBX 3,400 ($45.29) price target on the stock, up previously from GBX 2,800 ($37.29).
8/24/2016 – Associated British Foods plc is now covered by analysts at Kepler Capital Markets. They set a “reduce” rating and a GBX 2,700 ($35.96) price target on the stock.
8/16/2016 – Associated British Foods plc had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 3,550 ($47.28) price target on the stock.
8/11/2016 – Associated British Foods plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 3,600 ($47.95) price target on the stock.
8/10/2016 – Associated British Foods plc had its “buy” rating reaffirmed by analysts at HSBC. They now have a GBX 3,300 ($43.95) price target on the stock.
8/3/2016 – Associated British Foods plc had its “outperform” rating reaffirmed by analysts at BNP Paribas. They now have a GBX 3,300 ($43.95) price target on the stock.
8/1/2016 – Associated British Foods plc was upgraded by analysts at Deutsche Bank AG to a “buy” rating. They now have a GBX 3,200 ($42.62) price target on the stock, up previously from GBX 3,000 ($39.96).
8/1/2016 – Associated British Foods plc had its “sector performer” rating reaffirmed by analysts at Royal Bank Of Canada.
7/25/2016 – Associated British Foods plc had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a GBX 3,550 ($47.28) price target on the stock.
7/18/2016 – Associated British Foods plc had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a GBX 2,800 ($37.29) price target on the stock.

Shares of Associated British Foods plc (LON:ABF) traded down 10.80% during midday trading on Monday, hitting GBX 2815.00. 3,016,831 shares of the company’s stock were exchanged. Associated British Foods plc has a one year low of GBX 1,910.00 and a one year high of GBX 3,606.00. The firm’s market cap is GBX 22.23 billion. The stock’s 50-day moving average price is GBX 2,938.03 and its 200 day moving average price is GBX 3,046.61.

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In related news, insider Hauser,Wolfhart purchased 2,000 shares of the stock in a transaction dated Thursday, July 7th. The shares were acquired at an average cost of GBX 2,659 ($35.42) per share, with a total value of £53,180 ($70,831.11). Also, insider Reid ,Richard purchased 3,347 shares of the stock in a transaction dated Wednesday, July 13th. The shares were bought at an average cost of GBX 2,820 ($37.56) per share, for a total transaction of £94,385.40 ($125,713.11).
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients.

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