Associated British Foods (ABF)

Sector:

Food

Index:

FTSE 100

2,702.00p
   
  • Change Today:
      16.00p
  • 52 Week High: 2,731.00
  • 52 Week Low: 1,825.50
  • Currency: UK Pounds
  • Shares Issued: 751.60m
  • Volume: 771,637
  • Market Cap: £20,308m
  • RiskGrade: 161

RBC Capital Markets upgrades AB Foods to 'outperform'

By Michele Maatouk

Date: Tuesday 16 May 2023

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded Primark owner Associated British Foods on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,250p from 2,150p.
RBC said it thinks an improvement in Primark profitability should drive double-digit earnings growth for ABF, which is not being captured by the current valuation.

It noted that ABF trades at less than 13x CY24 estimated earnings per share, with over 80% of earnings coming from Primark, Twinings/Ovaltine and the ingredients business.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Associated British Foods Market Data

Currency UK Pounds
Share Price 2,702.00p
Change Today 16.00p
% Change 0.60 %
52 Week High 2,731.00
52 Week Low 1,825.50
Volume 771,637
Shares Issued 751.60m
Market Cap £20,308m
RiskGrade 161

Associated British Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.11% below the market average78.11% below the market average78.11% below the market average78.11% below the market average78.11% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average
Price Trend
82.55% above the market average82.55% above the market average82.55% above the market average82.55% above the market average82.55% above the market average
78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average
Income
49.06% below the market average49.06% below the market average49.06% below the market average49.06% below the market average49.06% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average
Growth
44.40% above the market average44.40% above the market average44.40% above the market average44.40% above the market average44.40% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 12
Sell 0
Strong Sell 0
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Associated British Foods Dividends

  Latest Previous
  Interim Final
Ex-Div 30-May-24 14-Dec-23
Paid 05-Jul-24 12-Jan-24
Amount 20.70p 33.10p

Trades for 10-May-2024

Time Volume / Share Price
17:21 309,984 @ 2,694.00p
16:42 26,924 @ 2,699.73p
16:35 251,971 @ 2,702.00p
16:35 1 @ 2,702.00p
16:35 481 @ 2,702.00p

Associated British Foods Key Personnel

CEO George G Weston
Chair Michael McLintock
Finance Director Eoin Tonge

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