The stock of Associated British Foods plc (LON:ABF) is a huge mover today! The stock decreased 3.01% or GBX 79.38 on November 9, hitting GBX 2553.62. About 2.96 million shares traded hands or 138.71% up from the average. Associated British Foods plc (LON:ABF) has declined 20.64% since April 12, 2016 and is downtrending. It has underperformed by 25.43% the S&P500.
The move comes after 5 months positive chart setup for the GBX 20.22 billion company. It was reported on Nov, 9 by Barchart.com. We have GBX 4162.40 PT which if reached, will make LON:ABF worth GBX 12.74 billion more.
Associated British Foods plc (LON:ABF) Ratings Coverage
Out of 27 analysts covering Associated British Foods PLC (LON:ABF), 11 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 41% are positive. Associated British Foods PLC has been the topic of 208 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 16 by Jefferies. The stock of Associated British Foods plc (LON:ABF) has “Sector Perform” rating given on Monday, August 17 by RBC Capital Markets. The stock has “Market Perform” rating given by Bernstein on Friday, August 7. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, August 16 report. Liberum Capital maintained Associated British Foods plc (LON:ABF) rating on Monday, October 10. Liberum Capital has “Buy” rating and GBX 3500 price target. The firm earned “Overwt/Cautious” rating on Monday, February 22 by Morgan Stanley. The company was maintained on Monday, October 19 by Numis Securities. Investec maintained Associated British Foods plc (LON:ABF) rating on Friday, July 8. Investec has “Buy” rating and GBX 2750 price target. The firm earned “Hold” rating on Tuesday, June 28 by Societe Generale. The stock has “Hold” rating given by Deutsche Bank on Monday, February 1.
More recent Associated British Foods plc (LON:ABF) news were published by: Seekingalpha.com which released: “Associated British Foods: There’s A New Cannabis Cultivator In Town” on November 09, 2016. Also Wsj.com published the news titled: “Associated British Foods Roiled by Sterling After Brexit Vote” on September 12, 2016. Wsj.com‘s news article titled: “Associated British Foods Mulls China Sugar-Business Sale for Up to $1 Billion” with publication date: May 10, 2016 was also an interesting one.
Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The company has a market cap of 20.22 billion GBP. The Firm operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. It has a 27.04 P/E ratio. The Firm operates in five divisions, including Sugar, Agriculture, Retail, Grocery and Ingredients.
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