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A statement released earlier today by JP Morgan Cazenove about Associated British Foods PLC (LON:ABF) maintains the target price at 3,300.00GBX

Yesterday Associated British Foods PLC (LON:ABF) traded -0.66% lower at 2,774.50GBX. The company’s 50-day moving average is 2,973.26GBX and its 200-day moving average is 2,778.16GBX. The last stock close price is down 13.56% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 657,462 shares of the stock were exchanged, down from an average trading volume of 763,821

Reporting a possible upside of 0.19%, JP Morgan Cazenove hold steady the target price of Associated British Foods PLC (LON:ABF) at 3,300.00GBX

Previously on 7/6/2017, Kepler Cheuvreux reported about Associated British Foods PLC (LON:ABF) held steady the target price at 2,900.00GBX. At the time, this indicated a possible downside of -0.06%.

See Chart Below

Associated British Foods PLC (LON:ABF)

Associated British Foods PLC has a price-earnings ratio of 22.70 with a one year low of 2,335.00GBX and a one year high of 3,183.00GBX ABF’s total market value is presently 0 GBX.

A total of 21 brokerages have released a report on Associated British Foods PLC. Two brokerages rating the company a strong buy, six brokerages rating the company a buy, twelve brokerages rating the company a hold, two brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of 3,055.76GBX.

General Company Details For Associated British Foods PLC (LON:ABF)

Associated British Foods plc is an international food, ingredients and retail company. The Company's segments include grocery, sugar, agriculture, ingredients and retail. Its geographical segments include the United Kingdom, Europe and Africa, the Americas and Asia Pacific. The grocery segment manufactures grocery products, including hot beverages, sugar and sweeteners, vegetable oils, bread and baked goods, cereals, ethnic foods, herbs and spices, and meat products, which are sold to retail, wholesale and foodservice businesses. The sugar segment is engaged in growing and processing of sugar beet and sugar cane for sale to industrial users. The agriculture segment manufactures animal feeds and the provision of other products and services for the agriculture sector. The ingredients segment manufactures bakers yeast, bakery ingredients and enzymes, among others. The retail segment buys and merchandises value clothing and accessories through the Primark and Penneys retail chains.

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