Home » Reports » Associated British Foods plc 61.8% Potential Upside Indicated by Morgan Stanley

Associated British Foods plc 61.8% Potential Upside Indicated by Morgan Stanley

Associated British Foods plc using EPIC/TICKER code (LON:ABF) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Morgan Stanley. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Morgan Stanley have set a target price of 2800 GBX on its stock. This indicates the analyst now believes there is a potential upside of 61.8% from today’s opening price of 1730.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 261.5 points and decreased 987.5 points respectively. The 1 year high stock price is 2730 GBX while the year low share price is currently 1554 GBX.

Associated British Foods plc has a 50 day moving average of 1,930.36 GBX and a 200 Day Moving Average share price is recorded at 2,331.39. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,316,557. Market capitalisation for LON:ABF is £13,996,799,555 GBP.

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