Deutsche Bank Reconfirms a Buy Rating on Associated British Foods PLC (LON:ABF) and GBX 3500.00 Target; 6 Analysts Covering Depomed, Inc. (DEPO)

The broker have set target of GBX 3500.00 on Associated British Foods PLC (LON:ABF) shares. This is 33.95% from the close price. In an analyst note revealed to investors and clients on Wednesday, 14 February, Deutsche Bank reconfirmed their Buy rating on shares of ABF.

Among 14 analysts covering Depomed Inc (NASDAQ:DEPO), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Depomed Inc had 50 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, January 7 by Mizuho. The rating was maintained by Mizuho with “Hold” on Tuesday, August 8. On Monday, September 19 the stock rating was maintained by Mizuho with “Buy”. UBS initiated the shares of DEPO in report on Tuesday, February 9 with “Buy” rating. The firm earned “Underweight” rating on Tuesday, August 8 by Morgan Stanley. The firm earned “Underweight” rating on Monday, December 12 by Piper Jaffray. Mizuho maintained Depomed, Inc. (NASDAQ:DEPO) rating on Friday, May 27. Mizuho has “Buy” rating and $23 target. As per Monday, May 9, the company rating was upgraded by Mizuho. The rating was maintained by RBC Capital Markets on Wednesday, November 8 with “Hold”. The firm has “Neutral” rating by UBS given on Friday, November 10. See Depomed, Inc. (NASDAQ:DEPO) latest ratings:

06/12/2017 Broker: RBC Capital Markets Rating: Hold New Target: $9.0 Maintain
05/12/2017 Broker: Piper Jaffray Rating: Hold New Target: $9.0 Maintain
05/12/2017 Broker: Mizuho Old Rating: Neutral New Rating: Buy Old Target: $17 Upgrade
10/11/2017 Broker: UBS Rating: Neutral Old Target: $6 Maintain
08/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $6.0 Maintain
27/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $8.0 Maintain
20/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $10.0 Maintain
13/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $9.0 Maintain
11/10/2017 Broker: Mizuho Rating: Hold Maintain
14/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $10.0 Maintain

The stock increased 0.82% or GBX 21.33 during the last trading session, reaching GBX 2622.33. About 54,178 shares traded. Associated British Foods plc (LON:ABF) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of 20.67 billion GBP. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.3 P/E ratio. The Grocery segment makes and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products to retail, wholesale, and foodservice businesses.

Among 27 analysts covering Associated British Foods PLC (LON:ABF), 15 have Buy rating, 3 Sell and 9 Hold. Therefore 56% are positive. Associated British Foods PLC has GBX 4000 highest and GBX 2300 lowest target. GBX 3287.21’s average target is 25.35% above currents GBX 2622.33 stock price. Associated British Foods PLC had 347 analyst reports since August 4, 2015 according to SRatingsIntel. Liberum Capital maintained the shares of ABF in report on Tuesday, March 15 with “Buy” rating. The company was maintained on Tuesday, November 8 by Barclays Capital. As per Friday, January 6, the company rating was maintained by Kepler Cheuvreux. On Thursday, January 18 the stock rating was maintained by Liberum Capital with “Buy”. The company was maintained on Tuesday, February 28 by HSBC. Bernstein maintained Associated British Foods plc (LON:ABF) rating on Wednesday, September 16. Bernstein has “Market Perform” rating and GBX 2800 target. The stock has “Add” rating by Numis Securities on Thursday, January 12. The stock of Associated British Foods plc (LON:ABF) earned “Outperform” rating by Davy Research on Tuesday, November 3. The stock of Associated British Foods plc (LON:ABF) has “Outperform” rating given on Thursday, June 15 by Credit Suisse. As per Thursday, January 14, the company rating was maintained by Canaccord Genuity.

The stock increased 1.20% or $0.08 during the last trading session, reaching $6.75. About 1.07 million shares traded. Depomed, Inc. (NASDAQ:DEPO) has declined 46.86% since February 14, 2017 and is downtrending. It has underperformed by 63.56% the S&P500.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.34, from 0.87 in 2017Q2. It is positive, as 23 investors sold Depomed, Inc. shares while 40 reduced holdings. 24 funds opened positions while 52 raised stakes. 56.42 million shares or 3.13% more from 54.71 million shares in 2017Q2 were reported. Alps Advsr accumulated 62,007 shares. Royal Bankshares Of Canada holds 6,938 shares. American Intl Group Incorporated owns 45,906 shares or 0% of their US portfolio. Hussman Strategic Advisors stated it has 50,000 shares. Perkins Cap Management Inc accumulated 0.43% or 71,750 shares. Barclays Public Ltd reported 0% of its portfolio in Depomed, Inc. (NASDAQ:DEPO). Creative Planning reported 39,977 shares stake. Globeflex Cap Lp holds 0.07% or 41,631 shares in its portfolio. Mason Street Advsr Limited Liability Company reported 15,946 shares. 12,351 were reported by Tower Limited Liability (Trc). Franklin Resource holds 0% or 12,899 shares. Vanguard Group Inc accumulated 3.93M shares. Value Capital holds 8.11% of its portfolio in Depomed, Inc. (NASDAQ:DEPO) for 700,000 shares. Renaissance Tech Ltd Liability Corp reported 0.01% in Depomed, Inc. (NASDAQ:DEPO). Tsp Management Group Ltd Liability Com holds 41,725 shares.

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