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Associated British Foods plc 15.6% Potential Upside Indicated by Kepler Cheuvreux

Associated British Foods plc using EPIC/TICKER code (LON:ABF) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today 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 2600 GBX on its stock. This would imply the analyst believes there is now a potential upside of 15.6% from the opening price of 2250 GBX. Over the last 30 and 90 trading days the company share price has decreased 146 points and decreased 514 points respectively. The 1 year high share price is 3387 GBX while the 52 week low for the share price is 2186 GBX.

Associated British Foods plc has a 50 day moving average of 2,438.84 GBX and a 200 day moving average of 2,653.03. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,522,388. Market capitalisation for LON:ABF is £17,651,749,891 GBP.