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Associated British Foods plc 27% Potential Upside Indicated by Deutsche Bank

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 Deutsche Bank. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Deutsche Bank have set a target price of 3500 GBX on its stock. This would imply the analyst believes there is now a potential upside of 27.0% from today’s opening price of 2755 GBX. Over the last 30 and 90 trading days the company share price has decreased 43 points and decreased 560 points respectively. The 1 year high for the stock price is 3387 GBX while the year low stock price is currently 2335 GBX.

Associated British Foods plc has a 50 day moving average of 2,944.85 GBX and a 200 Day Moving Average share price is recorded at 3,056.27. There are currently 791,674,047 shares in issue with the average daily volume traded being 943,541. Market capitalisation for LON:ABF is £21,818,536,735 GBP.