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Associated British Foods plc 33.8% 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’ 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 their target price at 3500 GBX on its stock. This is indicating the analyst believes there is a potential upside of 33.8% from the opening price of 2615 GBX. Over the last 30 and 90 trading days the company share price has decreased 213 points and decreased 453 points respectively. The 52 week high for the stock is 3387 GBX while the year low stock price is currently 2476 GBX.

Associated British Foods plc has a 50 day moving average of 2,825.06 GBX and a 200 Day Moving Average share price is recorded at 3,045.63. There are currently 791,674,356 shares in issue with the average daily volume traded being 1,100,165. Market capitalisation for LON:ABF is £20,757,701,614 GBP.