Associated British Foods PLC (LON:ABF) target price held steady at 3,550.00GBX, reported today by Credit Suisse
- Updated: September 21, 2016
Yesterday Associated British Foods PLC (LON:ABF) traded 0.41% higher at 2,702.00GBX. ABF’s 50-day average is 2,940.81GBX and its 200-day moving average is 3,007.42GBX. The last stock close price is down -10.62% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 125,932 shares of ABF changing hands under the typical 1,083,910
Associated British Foods PLC (LON:ABF) had its target price hold steady to 3,550.00GBX by Credit Suisse in a report released 9/22/2016. The new target price indicates a possible upside of 0.31% based on the company's last stock close price.
Previously on 09/19/2016, RBC Capital Markets reported about Associated British Foods PLC (LON:ABF) raised the target price from 0.00GBX to 3,300.00GBX. At the time, this indicated a possible upside of 0.21%.
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Associated British Foods PLC has a 52 week low of 1,910.00GBX and a 52 week high of 3,606.00GBX with a PE ratio of 28.47 Associated British Foods PLC’s market capitalization is currently 0 GBX.
In addition to Credit Suisse reporting its target price, a total of 21 brokerages have released a report on Associated British Foods PLC. The 12-month stock price target is 3,055.76GBX with 2 analysts rating the company a strong buy, six analysts rating the company a buy, twelve equity analysts rating the company a hold, 2 brokers rating the stock a underperform, and finally 1 brokerage rating the company a sell.
General Company Details For 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, 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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