Associated British Foods plc : The technical configuration is positive
| Entry price | Target | Stop-loss | Potential |
|---|
|
GBX 2,512 |
GBX 2,738 |
GBX 2,400 |
+9% |
|---|
Shares in Associated British Foods plc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a good ESG score relative to its sector, according to Refinitiv.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
● Analyst opinion has improved significantly over the past four months.
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ASSOCIATED BRITISH FOODS PLC 
