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Associated British Foods plc 10.8% Potential Upside Indicated by RBC Capital Markets

Associated British Foods plc using EPIC/TICKER code (LON:ABF) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. RBC Capital Markets have set their target price at 2700 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 10.8% from today’s opening price of 2437 GBX. Over the last 30 and 90 trading days the company share price has increased 250 points and increased 107 points respectively. The 52 week high share price is 2659 GBX while the year low share price is currently 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,294.46 GBX and a 200 day moving average of 2,392.08. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,303,152. Market capitalisation for LON:ABF is £19,237,682,646 GBP.