Associated British Foods plc 22.6% Potential Upside Indicated by RBC Capital Markets

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Associated British Foods plc using EPIC/TICKER code (LON:ABF) has 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 a target price of 2900 GBX on its stock. This is indicating the analyst believes there is a potential upside of 22.6% from today’s opening price of 2366 GBX. Over the last 30 and 90 trading days the company share price has increased 286 points and increased 71 points respectively. The 1 year high share price is 2873 GBX while the year low stock price is currently 2011 GBX.

Associated British Foods plc has a 50 day moving average of 2,314.35 GBX and a 200 day moving average of 2,473.73. There are currently 791,674,183 shares in issue with the average daily volume traded being 1,339,319. Market capitalisation for LON:ABF is £18,651,843,751 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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