Associated British Foods (LON:ABF) Investors: Deutsche Keeps “Buy” Rating, Sees GBX 3500.00/Share; Psagot Investment House LTD Decreased Biogen Ide(Biib (BIIB) Stake

February 4, 2018 - By Annabelle Johnson

Psagot Investment House Ltd decreased Biogen Ide(Biib (BIIB) stake by 18.68% reported in 2017Q3 SEC filing. Psagot Investment House Ltd sold 1,677 shares as Biogen Ide(Biib (BIIB)’s stock declined 13.45%. The Psagot Investment House Ltd holds 7,300 shares with $2.29M value, down from 8,977 last quarter. Biogen Ide(Biib now has $72.71 billion valuation. The stock decreased 0.63% or $2.17 during the last trading session, reaching $343.83. About 1.09 million shares traded. Biogen Inc. (NASDAQ:BIIB) has risen 4.94% since February 4, 2017 and is uptrending. It has underperformed by 11.76% the S&P500.

The broker have set target of GBX 3500.00 on Associated British Foods (LON:ABF) shares. This is 28.53% from the current stock price. In a report published on Wednesday, 31 January, Deutsche reaffirmed their “Buy” rating on shares of ABF.

Psagot Investment House Ltd increased Express Sc(Esrx (NASDAQ:ESRX) stake by 7,578 shares to 35,106 valued at $2.22 million in 2017Q3. It also upped Vanguard(Vcit) (VCIT) stake by 4,198 shares and now owns 33,836 shares. Ishares Ms(Inda (INDA) was raised too.

Since January 9, 2018, it had 0 insider buys, and 1 sale for $1.92 million activity. $1.92M worth of stock was sold by PANGIA ROBERT W on Tuesday, January 9.

Investors sentiment increased to 1.13 in Q3 2017. Its up 0.25, from 0.88 in 2017Q2. It is positive, as 59 investors sold BIIB shares while 283 reduced holdings. 96 funds opened positions while 292 raised stakes. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. Wesbanco Bank & Trust holds 0.02% in Biogen Inc. (NASDAQ:BIIB) or 1,469 shares. Crestpoint Cap Ltd Company holds 0.47% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 3,400 shares. Rock Springs Capital Mngmt Lp has invested 0.77% in Biogen Inc. (NASDAQ:BIIB). Keybank Association Oh has invested 0.03% in Biogen Inc. (NASDAQ:BIIB). Tocqueville Asset Mngmt Limited Partnership has invested 0.41% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Intrust Bancorporation Na reported 2,313 shares. Adage Capital Ltd Co accumulated 245,369 shares. Massachusetts Serv Ma holds 0.24% or 1.79M shares. Maine-based Schroder Inv Management Gp has invested 0.27% in Biogen Inc. (NASDAQ:BIIB). Metropolitan Life Ins holds 0.21% or 108,840 shares in its portfolio. Gotham Asset Mngmt Lc holds 0.29% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 63,039 shares. Quantitative Inv Mgmt Ltd Liability Company invested 0.52% in Biogen Inc. (NASDAQ:BIIB). Alps Advsrs stated it has 0% of its portfolio in Biogen Inc. (NASDAQ:BIIB). 21,599 are held by Commonwealth Bancorp Of Australia. Lombard Odier Asset Management (Switzerland) has 0.03% invested in Biogen Inc. (NASDAQ:BIIB) for 1,102 shares.

Among 32 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 23 have Buy rating, 0 Sell and 9 Hold. Therefore 72% are positive. Biogen Idec Inc. had 109 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained Biogen Inc. (NASDAQ:BIIB) on Tuesday, January 2 with “Buy” rating. The firm has “Buy” rating by Mizuho given on Tuesday, November 8. H.C. Wainwright maintained it with “Buy” rating and $34000 target in Wednesday, July 26 report. Morgan Stanley maintained it with “Equal-Weight” rating and $311 target in Wednesday, July 26 report. The stock of Biogen Inc. (NASDAQ:BIIB) earned “Outperform” rating by RBC Capital Markets on Monday, July 27. The stock of Biogen Inc. (NASDAQ:BIIB) has “Hold” rating given on Thursday, January 25 by Credit Suisse. The rating was downgraded by Jefferies on Tuesday, September 6 to “Hold”. Bernstein upgraded Biogen Inc. (NASDAQ:BIIB) rating on Monday, July 27. Bernstein has “Outperform” rating and $385 target. The stock of Biogen Inc. (NASDAQ:BIIB) has “Overweight” rating given on Monday, October 23 by PiperJaffray. As per Thursday, January 7, the company rating was initiated by Standpoint Research.

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 20.72% above currents GBX 2723 stock price. Associated British Foods PLC had 344 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Associated British Foods plc (LON:ABF) earned “Buy” rating by Deutsche Bank on Friday, September 16. As per Monday, January 22, the company rating was maintained by Shore Capital. The rating was upgraded by Numis Securities to “Add” on Thursday, July 7. The company was maintained on Monday, July 4 by Credit Suisse. The stock of Associated British Foods plc (LON:ABF) has “Buy” rating given on Thursday, September 15 by Liberum Capital. Liberum Capital maintained the shares of ABF in report on Monday, February 29 with “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, June 7 report. Numis Securities maintained it with “Hold” rating and GBX 2923 target in Friday, April 21 report. The rating was downgraded by Numis Securities to “Add” on Thursday, January 12. The firm has “Neutral” rating by Nomura given on Wednesday, September 2.

Associated British Foods plc operates as a diversified food, ingredients, and retail firm worldwide. The company has market cap of 21.46 billion GBP. It operates through five divisions: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 17.96 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.