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Associated British Foods PLC (LON:ABF) target price raised to 3,300.00GBX, issued a report today by Deutsche Bank

Associated British Foods PLC (LON:ABF) had its target bumped up to 3,300.00GBX by Deutsche Bank in an issued report announced Friday July 07, 2017. The bumped up target suggests a potential upside of 0.19% from the company's most recent stock price close.

On Thursday July 06, 2017, Kepler Cheuvreux released a statement for Associated British Foods PLC (LON:ABF) maintained the target price at 2,900.00GBX that suggested a downside of -0.06%.

Boasting a price of 2,774.50GBX, Associated British Foods PLC (LON:ABF) traded -0.66% lower on the day. With the last stock price close down 13.56% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Associated British Foods PLC has recorded a 50-day average of 2,973.26GBX and a two hundred day average of 2,778.16GBX. Volume of trade was down over the average, with 657,462 shares of ABF changing hands under the typical 763,821

Performance Chart

Associated British Foods PLC (LON:ABF)

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

A total of 21 equity analysts have released a research note on ABF. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, twelve equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of 3,055.76GBX.

Brief Synopsis About 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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