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Associated British Foods plc 12.2% Potential Upside Indicated by Goldman Sachs

Associated British Foods plc with EPIC/TICKER (LON:ABF) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Goldman Sachs have set their target price at 2750 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.2% from the opening price of 2450 GBX. Over the last 30 and 90 trading days the company share price has increased 294 points and increased 77 points respectively. The 52 week high for the share price is currently at 2659 GBX while the 52 week low is 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,283.96 GBX and a 200 Day Moving Average share price is recorded at 2,391.40. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,287,815. Market capitalisation for LON:ABF is £19,507,379,523 GBP.