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Associated British Foods plc 10.7% Potential Upside Indicated by Goldman Sachs

Associated British Foods plc using EPIC/TICKER code (LON:ABF) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Goldman Sachs. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Goldman Sachs have set a target price of 3000 GBX on its stock. This is indicating the analyst believes there is a potential upside of 10.7% from today’s opening price of 2710 GBX. Over the last 30 and 90 trading days the company share price has increased 126 points and increased 57 points respectively. The 1 year high stock price is 3387 GBX while the 52 week low is 2386 GBX.

Associated British Foods plc has a 50 day moving average of 2,637.51 GBX and a 200 Day Moving Average share price is recorded at 2,922.46. There are currently 791,674,182 shares in issue with the average daily volume traded being 1,336,551. Market capitalisation for LON:ABF is £21,398,953,139 GBP.