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Associated British Foods plc 16.4% Potential Upside Indicated by Citigroup

Associated British Foods plc with EPIC/TICKER (LON:ABF) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Citigroup have set a target price of 2765 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.4% from the opening price of 2375 GBX. Over the last 30 and 90 trading days the company share price has decreased 75 points and decreased 312 points respectively. The 1 year high share price is 3387 GBX while the 52 week low is 2295 GBX.

Associated British Foods plc has a 50 day moving average of 2,540.61 GBX and a 200 Day Moving Average share price is recorded at 2,691.43. There are currently 791,674,176 shares in issue with the average daily volume traded being 1,503,926. Market capitalisation for LON:ABF is £18,661,339,413 GBP.