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OTCMKTS:ASBFY

Associated British Foods (ASBFY) Stock Price, News & Analysis

$29.47
+0.76 (+2.65%)
(As of 09/16/2024 ET)

About Associated British Foods Stock (OTCMKTS:ASBFY)

Key Stats

Today's Range
$29.26
$29.63
50-Day Range
$28.45
$33.20
52-Week Range
$23.41
$35.26
Volume
7,058 shs
Average Volume
10,095 shs
Market Capitalization
$22.02 billion
P/E Ratio
N/A
Dividend Yield
1.43%
Price Target
N/A
Consensus Rating
Hold

Company Overview

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, 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 Ingredients segment manufactures bakers' yeast, bakery ingredients, enzymes, lipids, yeast extracts, and cereal specialties. The Agriculture segment manufactures and sells animal feeds; and provides other products and services for the agriculture sector. The Sugar segment is involved in growing, processing, and selling sugar beet and sugar cane to industrial users. The Retail segment is involved in buying and merchandising clothing and accessories through the Primark and Penneys retail chains, which offer women's, men's, and kids wear, as well as beauty, homeware, and accessories. The company was incorporated in 1934 and is headquartered in London, the United Kingdom. Associated British Foods plc operates as a subsidiary of Wittington Investments Limited.

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ASBFY Stock News Headlines

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Jefferies Sticks to Their Hold Rating for Associated British Foods (ABF)
Associated British Foods (ABF) Receives a Hold from Barclays
Associated British Foods (ABF) Receives a Hold from UBS
See More Headlines

ASBFY Stock Analysis - Frequently Asked Questions

Associated British Foods' stock was trading at $30.2950 on January 1st, 2024. Since then, ASBFY stock has decreased by 2.7% and is now trading at $29.47.
View the best growth stocks for 2024 here
.

Shares of ASBFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Company Calendar

Ex-Dividend for 7/19 Dividend
5/31/2024
Dividend Payable
7/19/2024
Today
9/17/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
Personal Services
Current Symbol
OTCMKTS:ASBFY
CIK
N/A
Employees
133,000
Year Founded
1935

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$25.01 billion
Cash Flow
$3.34 per share
Book Value
$17.87 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.02 billion
Optionable
Not Optionable
Beta
1.36

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Should I Buy Associated British Foods Stock? ASBFY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these Associated British Foods pros and cons to contact@marketbeat.com.

Associated British Foods
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Associated British Foods plc:

  • Associated British Foods plc has shown a consistent month-to-month increase in shares shorted, indicating growing interest from investors.
  • The company's stock price on the record date is $32.03, which may present a potential buying opportunity for investors looking to enter at a relatively lower price point.
  • With a low short percentage of float and days to cover ratio, there is potential for a short squeeze scenario that could drive the stock price higher.
  • Despite a challenging market environment, Associated British Foods plc has maintained a stable institutional ownership percentage, reflecting confidence from larger investors.
  • The company's average daily volume of 14,700 shares indicates active trading, providing liquidity for investors looking to buy or sell positions.

Associated British Foods
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Associated British Foods plc for these reasons:

  • Associated British Foods plc has experienced a significant month-to-month decrease in shares shorted, which could signal waning investor interest or potential negative sentiment.
  • Despite recent positive performance, the company's outstanding shares are reported as 0, which may raise concerns about the accuracy of available data or potential dilution risks.
  • The lack of institutional ownership percentage could indicate a lack of support from larger investors, potentially impacting the stock's stability and long-term growth prospects.
  • With a float size of 0, there may be limited available shares for trading, leading to potential volatility and difficulty in establishing or exiting positions.
  • Associated British Foods plc's fifty-two-week performance remains at 0, suggesting a lack of significant positive momentum or growth over the past year.

This page (OTCMKTS:ASBFY) was last updated on 9/17/2024 by MarketBeat.com Staff
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