Associated British Foods (ASBFY) Stock Forecast & Price Target

$29.92

+0.17 (+0.57%)

(As of 09/19/2024 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

Hold
Based on 1 Analyst Ratings

Based on 1 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 1 analysts, 1 has given a hold rating for ASBFY.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for Associated British Foods,

Type	Current Forecast 9/21/23 to 9/20/24	1 Month Ago 8/22/23 to 8/21/24	3 Months Ago 6/23/23 to 6/22/24	1 Year Ago 9/21/22 to 9/21/23
Consensus Rating	Hold	Hold	Hold	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)	0 Buy rating(s)	1 Buy rating(s)	5 Buy rating(s)
Hold	1 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 Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/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.

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.

Associated British Foods Stock vs. The Competition

Type	Associated British Foods	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.00	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside		607.29% Upside	6.75% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target
9/20/2023	BNP Paribas 3 of 5 stars	Downgrade	Outperform ➝ Neutral
9/14/2023	Investec 3 of 5 stars	Upgrade	Hold
9/13/2023	Deutsche Bank Aktiengesellschaft 2 of 5 stars	Downgrade	Buy ➝ Hold
6/28/2023	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
6/15/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
5/16/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
3/1/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
2/13/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		GBX 1,400 ➝ GBX 1,900
12/2/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
12/1/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
9/21/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:37 PM ET.

ASBFY Forecast - Frequently Asked Questions

Should I buy or sell Associated British Foods stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Associated British Foods in the last twelve months. There is currently 1 hold rating for the stock. The consensus among Wall Street equities 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 2.45. Learn more on how ASBFY compares to other companies.