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LON:ABF

Associated British Foods - ABF Share Forecast, Price & News

GBX 1,655.83
-1.67 (-0.10%)
(As of 08/16/2022 05:11 PM ET)
Add
Compare
Today's Range
1,642.50
1,662.50
50-Day Range
1,526.50
1,708
52-Week Range
1,462.50
2,181
Volume
861,615 shs
Average Volume
1.08 million shs
Market Capitalization
£13.11 billion
P/E Ratio
1,639.44
Dividend Yield
2.07%
Price Target
GBX 2,161.67

Associated British Foods MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.5% Upside
GBX 2,161.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.11
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
£4.97 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

ABF stock logo

About Associated British Foods (LON:ABF) Stock

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer womenswear, menswear, children's wear, footwear, accessories, homeware, and skincare products. The company was founded in 1935 and is headquartered in London, the United Kingdom. Associated British Foods plc is a subsidiary of Wittington Investments Limited.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 1,850 ($22.35) price target on shares of Associated British Foods in a research note on Monday, May 30th. Shore Capital reissued a "buy" rating on shares of Associated British Foods in a research report on Thursday, July 21st. JPMorgan Chase & Co. lowered Associated British Foods to a "neutral" rating and lowered their price objective for the company from GBX 1,940 ($23.44) to GBX 1,900 ($22.96) in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Associated British Foods from GBX 1,900 ($22.96) to GBX 1,850 ($22.35) and set a "hold" rating for the company in a research report on Tuesday, July 5th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Associated British Foods in a research report on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Associated British Foods has an average rating of "Moderate Buy" and an average target price of GBX 2,161.67 ($26.12).

Associated British Foods Price Performance

Shares of LON:ABF opened at GBX 1,657.50 ($20.03) on Tuesday. Associated British Foods has a 1-year low of GBX 1,462.50 ($17.67) and a 1-year high of GBX 2,181 ($26.35). The company has a debt-to-equity ratio of 37.25, a current ratio of 1.99 and a quick ratio of 1.15. The business has a fifty day moving average price of GBX 1,631.15 and a 200-day moving average price of GBX 1,693.99. The company has a market capitalization of £13.12 billion and a PE ratio of 1,673.23.

Insider Activity

In related news, insider Wolfhart Hauser purchased 3,243 shares of Associated British Foods stock in a transaction dated Tuesday, July 5th. The stock was purchased at an average cost of GBX 1,534 ($18.54) per share, for a total transaction of £49,747.62 ($60,110.71).

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ABF Stock News Headlines

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ABF Company Calendar

Last Earnings
4/21/2020
Ex-Dividend for 7/8 Dividend
6/09/2022
Dividend Payable
7/08/2022
Today
8/16/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

Industry
Food - Major Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
128,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
GBX 2,161.67
High Stock Price Forecast
GBX 2,600
Low Stock Price Forecast
GBX 1,850
Forecasted Upside/Downside
+30.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£15.45 billion
Cash Flow
GBX 282.46 per share
Book Value
GBX 1,311.90 per share

Miscellaneous

Free Float
N/A
Market Cap
£13.11 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. George Garfield Weston (Age 58)
    CEO & Exec. Director
    Comp: $2.64M
  • Mr. John George Bason (Age 65)
    Fin. Director & Exec. Director
    Comp: $1.73M
  • Ms. Sue Whalley
    Chief People & Performance Officer
  • Ms. Julie Withnall
    Group Head of Reward
  • Mr. Paul A. Lister (Age 58)
    Company Sec.
  • Mr. Paul Marchant
    Chief Exec. Officer of Primark/Penneys
  • Ms. Lynne Walker
    Director of Primark Cares
  • Ms. Katharine Stewart
    Ethical Trade & Environmental Sustainability Director













ABF Stock - Frequently Asked Questions

Should I buy or sell Associated British Foods stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated British Foods in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABF shares.
View ABF analyst ratings
or view top-rated stocks.

What is Associated British Foods' stock price forecast for 2022?

8 Wall Street research analysts have issued 1-year target prices for Associated British Foods' shares. Their ABF share price forecasts range from GBX 1,850 to GBX 2,600. On average, they expect the company's stock price to reach GBX 2,161.67 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for ABF
or view top-rated stocks among Wall Street analysts.

How have ABF shares performed in 2022?

Associated British Foods' stock was trading at GBX 2,008 at the start of the year. Since then, ABF stock has decreased by 17.5% and is now trading at GBX 1,657.50.
View the best growth stocks for 2022 here
.

How were Associated British Foods' earnings last quarter?

Associated British Foods plc (LON:ABF) issued its quarterly earnings results on Tuesday, April, 21st. The company reported $61.80 EPS for the quarter, beating analysts' consensus estimates of $61.20 by $0.60.

How often does Associated British Foods pay dividends? What is the dividend yield for Associated British Foods?

Associated British Foods announced a dividend on Tuesday, April 26th. Investors of record on Thursday, June 9th will be paid a dividend of GBX 13.80 per share on Friday, July 8th. This represents a dividend yield of 0.85%. The ex-dividend date is Thursday, June 9th. The official announcement can be accessed at this link.
Read our dividend analysis for ABF
.

Is Associated British Foods a good dividend stock?

Associated British Foods (LON:ABF) pays an annual dividend of GBX 0.27 per share and currently has a dividend yield of 2.07%. The dividend payout ratio is 26.97%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ABF.

What other stocks do shareholders of Associated British Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Associated British Foods investors own include Intelsat (I), Fossil Group (FOSL), Chaarat Gold (CGH), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), HSBC (HSBA), Air Canada (AC), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

What is Associated British Foods' stock symbol?

Associated British Foods trades on the London Stock Exchange (LON) under the ticker symbol "ABF."

How do I buy shares of Associated British Foods?

Shares of ABF stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What is Associated British Foods' stock price today?

One share of ABF stock can currently be purchased for approximately GBX 1,657.50.

How much money does Associated British Foods make?

Associated British Foods (LON:ABF) has a market capitalization of £13.12 billion and generates £15.45 billion in revenue each year.

How many employees does Associated British Foods have?

The company employs 128,000 workers across the globe.

How can I contact Associated British Foods?

Associated British Foods' mailing address is Weston Centre, 10 Grosvenor Street, LONDON, W1K 4QY, United Kingdom. The official website for the company is www.abf.co.uk. The company can be reached via phone at +44-20-73996500.

This page (LON:ABF) was last updated on 8/16/2022 by MarketBeat.com Staff

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