Exane BNP Paribas disclosed Associated British Foods PLC (LON:ABF), bumping down its price target to 2,900.00GBX earlier today
- Updated: October 13, 2016
Indicating a possible upside of 0.18%, Exane BNP Paribas reduced the stock price target of Associated British Foods PLC (LON:ABF) to 2,900.00GBX
On 10/10/2016, Liberum Capital released a statement on Associated British Foods PLC (LON:ABF) maintained the target price at 3,500.00GBX that suggested an upside of 0.39%.
Having a price of 2,463.00GBX, Associated British Foods PLC (LON:ABF) traded 1.15% higher on the day. With the last close down -15.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ABF has recorded a 50-day average of 2,784.11GBX and a two hundred day average of 2,923.90GBX. Trade Volume was up over the average, with 1,892,501 shares of ABF changing hands over the typical 945,150
Recent Performance Chart
Associated British Foods PLC has price-earnings ratio of 26.09 with a one year low of 1,910.00GBX and a 52 week high of 3,606.00GBX and has a market capitalization of 0 GBX.
In addition to Exane BNP Paribas reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is 3,055.76GBX with 2 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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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