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Kepler Cheuvreux disclosed Associated British Foods PLC (LON:ABF), supporting its price target at 2,900.00GBX earlier today

Yesterday Associated British Foods PLC (LON:ABF) traded 0.86% higher at 3,092.50GBX. The company’s 50-day moving average is 2,984.15GBX and its 200-day moving average is 2,790.45GBX. The last stock close price is up 13.96% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 188,286 shares of the stock were exchanged, down from an average trading volume of 770,914

Stating a potential downside of -0.06%, Kepler Cheuvreux hold steady the target price of Associated British Foods PLC (LON:ABF) at 2,900.00GBX

Previously on 07/04/2017, Goldman Sachs reported about Associated British Foods PLC (LON:ABF) held steady the target price at 3,200.00GBX. At the time, this indicated a possible upside of 0.10%.

See Chart Below

Associated British Foods PLC (LON:ABF)

Associated British Foods PLC has a 52 week low of 2,335.00GBX and a 52 week high of 3,191.00GBX with a P/E ratio of 22.88 The company’s market cap is currently 0 GBX.

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.

More 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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