ASSOCIATED BRITISH FOODS OR with EPIC code (LON:ABF) have now 15 analysts covering the company. The target price ranges between £35.00 and £21. meaning the average target price is £27.87. Given that the previous closing share price was at £20.85 this indicates there is a potential upside of 33.7%. The day 50 moving average is £22.85 and the 200 day moving average is £23.19. The market cap for the company is £16b. Company Website: http://www.abf.co.uk
Associated British Foods operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and sale of sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, menswear, children’s wear, footwear, accessories, homeware, and skincare products. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods is a subsidiary of Wittington Investments Limited.