Home » Reports » Broker Ratings » Associated British Foods plc 30.7% Potential Upside Indicated by JP Morgan Cazenove

Associated British Foods plc 30.7% Potential Upside Indicated by JP Morgan Cazenove

Associated British Foods plc using EPIC/TICKER code (LON:ABF) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. JP Morgan Cazenove have set a target price of 3600 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 30.7% 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 52 week high for the stock is 3387 GBX while the 52 week low is 2335 GBX.

Associated British Foods plc has a 50 day moving average of 2,944.85 GBX and a 200 day moving average of 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.