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Associated British Foods plc 29.3% Potential Upside Indicated by Deutsche Bank

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 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 3000 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 29.3% from the opening price of 2320 GBX. Over the last 30 and 90 trading days the company share price has decreased 135 points and decreased 337 points respectively. The 1 year high stock price is 3387 GBX while the year low share price is currently 2286 GBX.

Associated British Foods plc has a 50 day moving average of 2,522.57 GBX and the 200 Day Moving Average price is recorded at 2,669.87. There are currently 791,674,176 shares in issue with the average daily volume traded being 1,518,137. Market capitalisation for LON:ABF is £18,019,325,114 GBP.