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Associated British Foods plc 21.2% Potential Upside Indicated by Berenberg

Associated British Foods plc with EPIC/TICKER (LON:ABF) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Berenberg have set their target price at 2700 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 21.2% from the opening price of 2227 GBX. Over the last 30 and 90 trading days the company share price has decreased 87 points and decreased 121 points respectively. The 52 week high share price is 2659 GBX while the year low stock price is currently 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,297.43 GBX and the 200 Day Moving Average price is recorded at 2,397.11. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,244,345. Market capitalisation for LON:ABF is £17,614,750,571 GBP.