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A statement released earlier today by RBC Capital Markets about Associated British Foods PLC (LON:ABF) bumps the target price to 3,300.00GBX

Just yesterday Associated British Foods PLC (LON:ABF) traded 0.63% higher at 2,728.50GBX. The company’s 50-day moving average is 2,941.08GBX and its two hundred day average is 3,025.83GBX. With the last stock price down 9.84% from the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. Volume of trade was was down over the average, with 194,652 shares of ABF changing hands under the typical 1,072,730 shares..

In an issued report on 9/19/2016 RBC Capital Markets increased the target price of Associated British Foods PLC (LON:ABF) from 0GBX to 3,300GBX indicating a possible upsideof 0.21%.

On 9/16/2016, HSBC reported about Associated British Foods PLC(LON:ABF) lowered the target price from 3,300.00GBX to 3,150.00GBX that suggested an upside of 0.16%.

Performance Graph:

Associated British Foods PLC (LON:ABF)

In addition to RBC Capital Markets reporting it’s price target, a total of 21 brokerages have reported on the company. The average target is 3,055.76GBX with two firms rating the stock a strong buy, six firms rating the stock a buy, 12 analysts rating the stock a hold, two analysts rating the company to underperform, and lastly one firm rating the company as sell.

Associated British Foods PLC has a 52 week low of 1,910.00GBX and a one-year high of 3,606.00GBX with a P/E ratio of 29. Associated British Foods PLC’s market capitalization is currently 0.0 GBX.

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

Associated British Foods plc is a diversified international food, ingredients and retail group with sales. The Company operates in 47 countries across Europe, southern Africa, the Americas, Asia and Australia. The Company operates in five segments, including Sugar, Agriculture, Retail, Grocery and Ingredients. Grocery segment manufactures grocery products. Sugar segment grows and process of sugar beet and sugar cane for sale to industrial users and to Silver Spoon. Agriculture segment manufactures animal feeds and the provision of other products for the agriculture sector. Ingredients segment manufactures bakers’ yeast, bakery ingredients, enzymes, lipids, and yeast extracts and cereal specialities. Retail segment buys and merchandise value clothing and accessories through the Primark and Penneys retail chains.

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