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Associated British Foods (ASBFY) Stock Forecast & Price Target

$32.70
+0.03 (+0.09%)
(As of 07/19/2024 ET)

Associated British Foods - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Associated British Foods in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 3 have given a hold rating for ASBFY.

Consensus Price Target

N/A

According to the 3 analysts' twelve-month price targets for Associated British Foods,

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetN/AN/AN/AN/A
Forecasted UpsideN/AN/AN/AN/A
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ASBFY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ASBFY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Associated British Foods Stock vs. The Competition

TypeAssociated British FoodsConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.00
2.43
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside703.33% Upside10.03% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/20/2023BNP Paribas
3 of 5 stars
 DowngradeOutperform ➝ Neutral
9/14/2023Investec
3 of 5 stars
 UpgradeHold
9/13/2023Deutsche Bank Aktiengesellschaft
2 of 5 stars
 DowngradeBuy ➝ Hold
6/28/2023Liberum Capital
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 UpgradeHold ➝ Buy
6/15/2023Sanford C. Bernstein
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 Initiated CoverageOutperform
5/16/2023Royal Bank of Canada
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 UpgradeSector Perform ➝ Outperform
3/1/2023HSBC
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 UpgradeHold ➝ Buy
2/13/2023Citigroup
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 Boost TargetGBX 1,400 ➝ GBX 1,900
12/2/2022Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
12/1/2022The Goldman Sachs Group
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 UpgradeSell ➝ Neutral
9/21/2022UBS Group
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 DowngradeBuy ➝ Neutral
9/9/2022Barclays
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 DowngradeOverweight ➝ Equal Weight
9/6/2022Jefferies Financial Group
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:48 PM ET.

ASBFY Forecast - Frequently Asked Questions

Should I buy or sell Associated British Foods stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated British Foods in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ASBFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASBFY, but not buy additional shares or sell existing shares.

Do Wall Street analysts like Associated British Foods more than its competitors?

Analysts like Associated British Foods less than other "consumer staples" companies. The consensus rating score for Associated British Foods is 2.00 while the average consensus rating score for "consumer staples" companies is 2.43. Learn more on how ASBFY compares to other companies.


This page (OTCMKTS:ASBFY) was last updated on 7/20/2024 by MarketBeat.com Staff

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