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Associated British Foods plc 13% Potential Upside Indicated by Kepler Cheuvreux

Associated British Foods plc using EPIC/TICKER code (LON:ABF) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Kepler Cheuvreux. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Kepler Cheuvreux have set a target price of 2800 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 13.0% from today’s opening price of 2477 GBX. Over the last 30 and 90 trading days the company share price has increased 174 points and increased 2 points respectively. The 1 year high for the stock price is 3300 GBX while the 52 week low for the share price is 2186 GBX.

Associated British Foods plc has a 50 day moving average of 2,325.98 GBX and a 200 Day Moving Average share price is recorded at 2,544.66. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,676,176. Market capitalisation for LON:ABF is £20,053,112,299 GBP.