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Associated British Foods plc 9.2% Potential Upside Indicated by Credit Suisse

Associated British Foods plc using EPIC/TICKER code (LON:ABF) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Credit Suisse. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. Credit Suisse have set their target price at 2750 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 9.2% from the opening price of 2519 GBX. Over the last 30 and 90 trading days the company share price has increased 205 points and increased 134 points respectively. The 52 week high for the stock is 2846 GBX while the 52 week low for the stock is 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,384.13 GBX and a 200 day moving average of 2,364.87. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,067,217. Market capitalisation for LON:ABF is £20,198,300,796 GBP.