# Associated British Foods plc -9.0% potential downside indicated by JP Morgan

- Link: https://www.directorstalkinterviews.com/associated-british-foods-plc-9.0-potential-downside-indicated-by-jp-morgan/4121127451
- Published: 2023-09-19T13:53:46+01:00
- Author: Charlotte Edwards

**[Associated British Foods plc](https://www.directorstalkinterviews.com/ftse-company/associated-british-foods/abf.l)**
with ticker (LON:ABF) now has a potential downside of -9.0% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds).

JP Morgan Cazenove set a target price of 1,875 GBX for the company, which when compared
to the Associated British Foods plc share price of 2,061 GBX at opening today (19/
09/2023) indicates a potential downside of -9.0%. Trading has ranged between 1,223(
52 week low) and 2,167 (52 week high) with an average of 715,082 shares exchanging
hands daily. The market capitalisation at the time of writing is £15,881,305,264.
Associated British Foods PLC is a United Kingdom-based diversified food, ingredients
and retail company. The Company has five segments. The Grocery segment is engaged
in the manufacture of grocery products, including hot beverages, sugar and sweeteners,
vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods 
and meat products, which are sold to retail, wholesale and foodservice businesses.
The Sugar segment is engaged in the manufacture of animal feeds and the provision
of other products and services for the agriculture sector. The Agriculture segment
is engaged in the manufacture of animal feeds and the provision of other products
and services for the agriculture sector. The Ingredients segment is engaged in the
manufacture of bakers’ yeast, bakery ingredients, enzymes, lipids, yeast extracts
and cereal specialties. The Retail segment is engaged in buying and merchandising
value clothing and accessories through the Primark and Penneys retail chains.

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