Associated British Foods plc 15.2% Potential Upside Indicated by RBC Capital Markets

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Associated British Foods plc with EPIC/TICKER (LON:ABF) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Markets. Associated British Foods plc are listed in the Consumer Goods sector within UK Main Market. RBC Capital Markets have set their target price at 2900 GBX on its stock. This now indicates the analyst believes there is a possible upside of 15.2% from the opening price of 2517 GBX. Over the last 30 and 90 trading days the company share price has decreased 9 points and increased 268 points respectively. The 1 year high stock price is 2846 GBX while the year low stock price is currently 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,533.46 GBX and a 200 Day Moving Average share price is recorded at 2,384.05. There are currently 791,674,183 shares in issue with the average daily volume traded being 694,695. Market capitalisation for LON:ABF is £19,823,521,542 GBP.

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    Associated British Foods plc reports strong financial results for the year ending 14 September 2024, showcasing impressive profitability and growth in various sectors.

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