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LON:ABF

Associated British Foods (ABF) Share Price, News & Analysis

GBX 2,498
-16.00 (-0.64%)
(As of 04:35 PM ET)
Today's Range
2,484
2,509
50-Day Range
2,232
2,473
52-Week Range
1,804.50
2,536
Volume
742,766 shs
Average Volume
790,728 shs
Market Capitalization
£18.82 billion
P/E Ratio
1,864.18
Dividend Yield
1.88%
Price Target
GBX 2,041.67

Associated British Foods MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.3% Downside
GBX 2,041.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.11
Upright™ Environmental Score
News Sentiment
0.35mentions of Associated British Foods in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.21 out of 5 stars

ABF stock logo

About Associated British Foods Stock (LON:ABF)

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.

ABF Stock Price History

ABF Stock News Headlines

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Associated British Foods plc (ABF.L)
Associated British Foods PLC ABF
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Company Calendar

Last Earnings
4/21/2020
Ex-Dividend for 1/12 Dividend
12/14/2023
Dividend Payable
1/12/2024
Today
3/28/2024

Industry, Sector and Symbol

Industry
Packaged Foods
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
133,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
GBX 2,041.67
High Stock Price Target
GBX 2,250
Low Stock Price Target
GBX 1,875
Potential Upside/Downside
-18.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
£1.04 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£19.75 billion
Cash Flow
GBX 407.14 per share
Book Value
GBX 1,453 per share

Miscellaneous

Free Float
N/A
Market Cap
£18.84 billion
Optionable
Not Optionable
Beta
1.24
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Key Executives

  • Mr. George Garfield Weston (Age 60)
    CEO & Executive Director
    Comp: $2.3M
  • Mr. Eoin P. Tonge B Eng (Age 52)
    B.E., Finance Director & Director
    Comp: $3.83M
  • Ms. Sue Whalley (Age 60)
    Chief People & Performance Officer
  • Mr. Paul A. Lister L.L.B. (Age 60)
    Company Secretary
  • Mr. Paul Marchant
    Chief Executive Officer of Primark/Penneys
  • Ms. Lynne Walker
    Director of Primark Cares
  • Ms. Katharine Stewart
    Ethical Trade & Environmental Sustainability Director

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Associated British Foods was last updated on Tuesday, March 26, 2024 at 11:01 PM.

Pros

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

  • Associated British Foods stock price recently passed above its 200-day moving average, indicating a potential uptrend in the stock.
  • Diversified business operations across five segments - Grocery, Ingredients, Agriculture, Sugar, and Retail - providing exposure to various sectors within the food industry.
  • Strong market capitalization of £17.17 billion, indicating stability and size in the market.
  • Low debt-to-equity ratio of 33.25, suggesting a healthy financial structure.
  • Operates globally, offering geographical diversification and potential for growth in different markets.

Cons

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

  • High P/E ratio of 1,696.99, indicating the stock may be overvalued compared to its earnings.
  • Relatively high P/E/G ratio of 1.21, suggesting the stock may be expensive relative to its growth prospects.
  • Beta of 1.24 implies the stock is more volatile than the market average, potentially leading to higher risk for investors.
  • Quick ratio of 0.93 may indicate potential liquidity challenges for the company in the short term.
  • Current ratio of 1.83, while above 1, may still be considered low for some investors looking for stronger liquidity positions.

ABF Stock Analysis - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated British Foods in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ABF shares.
View ABF analyst ratings
or view top-rated stocks.

What is Associated British Foods' stock price target for 2024?

4 Wall Street analysts have issued 1 year target prices for Associated British Foods' stock. Their ABF share price targets range from GBX 1,875 to GBX 2,250. On average, they expect the company's stock price to reach GBX 2,041.67 in the next year. This suggests that the stock has a possible downside of 18.3%.
View analysts price targets for ABF
or view top-rated stocks among Wall Street analysts.

How have ABF shares performed in 2024?

Associated British Foods' stock was trading at GBX 2,367 on January 1st, 2024. Since then, ABF stock has increased by 5.5% and is now trading at GBX 2,498.
View the best growth stocks for 2024 here
.

How were Associated British Foods' earnings last quarter?

Associated British Foods plc (LON:ABF) released its earnings results on Tuesday, April, 21st. The company reported $61.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $61.20 by $0.60. Associated British Foods had a trailing twelve-month return on equity of 9.39% and a net margin of 5.29%.

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

Associated British Foods declared a dividend on Tuesday, November 7th. Shareholders of record on Thursday, December 14th will be given a dividend of GBX 45.80 per share on Friday, January 12th. This represents a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from the stock's previous dividend of GBX 14.20. 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 47 per share and currently has a dividend yield of 1.91%. The dividend payout ratio is 3,507.46%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).

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.

This page (LON:ABF) was last updated on 3/28/2024 by MarketBeat.com Staff

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