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JP Morgan Cazenove announced Associated British Foods PLC (LON:ABF), keeping its stock price target at 3,600.00GBX today

Just yesterday Associated British Foods PLC (LON:ABF) traded -0.24% lower at 3,167.50GBX. Associated British Foods PLC’s 50-day moving average is 3,259.11GBX and its 200-day moving average is 3,038.05GBX. The last closing price is up 10.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 202,870 shares of ABF traded hands, down from an average trading volume of 808,868

In a report released on Wednesday November 15, 2017 JP Morgan Cazenove hold steady the stock price target of Associated British Foods PLC (LON:ABF) from 3,600.00GBX to 3,600.00GBX reporting a possible upside of 0.14%.

Previously on 11/13/2017, Kepler Cheuvreux reported on Associated British Foods PLC (LON:ABF) increased the target price from 3,300.00GBX to 3,400.00GBX. At the time, this indicated a possible upside of 0.10%.

Recent Performance Chart

Associated British Foods PLC (LON:ABF)

Associated British Foods PLC has 52 week low of 2,335.00GBX and a 52 week high of 3,387.00GBX with a PE ratio of 24.13 and has a market capitalization of 0 GBX.

In addition to JP Morgan Cazenove reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is 3,055.76GBX with 2 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 12 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On 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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