Associated British Foods PLC (LON:ABF) target price held steady at 3,200.00GBX, reported today by Deutsche Bank
- Updated: September 15, 2016
In a report issued 9/16/2016 Deutsche Bank maintained the target price of Associated British Foods PLC (LON:ABF) at 3,200GBX stating a possible upside of 0.17%.
Previously on 9/15/2016, Liberum Capital released a statement on Associated British Foods PLC(LON:ABF) dropped the target price from 3,600.00GBX to 3,500.00GBX that suggested an upside of 0.28%.
Only yesterday Associated British Foods PLC (LON:ABF) traded 0.80% lower at 2,744.00GBX. Associated British Foods PLC’s 50-day average is 2,940.75GBX and its 200-day average is 3,030.72GBX. The last close is down 9.69% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time. Trading volume was was up over the average, with 1,162,300 shares of ABF changing hands over the typical 1,053,250 shares..
See Graph Below:
Associated British Foods PLC has a 52 week low of 1,910.00GBX and a one-year high of 3,606.00GBX with a PE ratio of 29. ABF’s total market value is presently 0.0 GBX.
In addition to Deutsche Bank reporting it’s target price, a total of 21 equity analysts have reported on the company. The consensus target is 3,055.76GBX with two firms rating the company a strong buy, six firms rating the company a buy, 12 firms rating the stock a hold, two analysts rating the company to underperform, and lastly one brokeragerating the stock as sell.
About Associated British Foods PLC (LON:ABF)
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. Grocery segment manufactures grocery products. Sugar segment grows and process of sugar beet and sugar cane for sale to industrial users and to Silver Spoon. Agriculture segment manufactures animal feeds and the provision of other products for the agriculture sector. Ingredients segment manufactures bakers’ yeast, bakery ingredients, enzymes, lipids, and yeast extracts and cereal specialities. Retail segment buys and merchandise value clothing and accessories through the Primark and Penneys retail chains.
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