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Associated British Foods PLC (LON:ABF) target price raised to 2,650.00GBX, reported today by Goldman Sachs

Associated British Foods PLC (LON:ABF) had its target price raised to 2,650.00GBX by Goldman Sachs in a report released 11/28/2016. The new target price indicates a possible upside of 0.02% based on the company's last stock close price.

Previously on Thursday November 17, 2016, Liberum Capital reported about Associated British Foods PLC (LON:ABF) held steady the target price at 3,500.00GBX. At the time, this indicated a possible upside of 0.37%.

Yesterday Associated British Foods PLC (LON:ABF) traded -0.77% lower at 2,594.00GBX. The company’s 50-day moving average is 2,519.73GBX and its 200-day moving average is 2,768.63GBX. The last stock close price is down -6.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 20,874 shares of the stock were exchanged, down from an average trading volume of 1,204,790

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Associated British Foods PLC (LON:ABF)

Associated British Foods PLC has a 52 week low of 1,910.00GBX and a 52 week high of 3,606.00GBX with a P/E ratio of 25.03 The company’s market cap is currently 0 GBX.

In addition to Goldman Sachs reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is 3,055.76GBX with 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 12 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About 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, 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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