JP Morgan Cazenove announced Associated British Foods PLC (LON:ABF), dropping its stock price target to 3,300.00GBX today
- Updated: September 16, 2016
In a statement issued on Tuesday September 13 2016 JP Morgan Cazenove bumped down the target price of Associated British Foods PLC (LON:ABF) from 3,700GBX to 3,300GBX indicating a possible upside of 0.18%.
Previously on 9/12/2016, Liberum Capital released a statement about Associated British Foods PLC(LON:ABF) upped the target price at 3,600.00GBX. At the time, this indicated a possible upside of 0.28%.
Having a price of 2,804.00GBX, Associated British Foods PLC (LON:ABF) traded 0.55% lower on the day. With the last stock price close down 10.40% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. The company has recorded a 50-day moving average of 2,941.08GBX and two hundred day moving average of 3,025.83GBX. Trading volume was was up over the average, with 1,299,380 shares of ABF changing hands over the typical 1,072,730 shares.
Recent Performance Chart:
Associated British Foods PLC has a one-year low of 1,910.00GBX and a one-year high of 3,606.00GBX with a P/E ratio of 29 and has a market capitalization of 0.0 GBX.
A total of 21 analysts have released a report on ABF. Two firms rate the company a strong buy, six firms rate the company a buy, 12 firms rate the company a hold, two analysts rate the stock to underperform, and finally one brokeragerate the stock as sell with a one year target stock price of 3,055.76GBX
Brief Synopsis 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, 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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