Associated British Foods

ABF: 2,654.00 -34.50 (▼1.28%)

Delayed:2016-12-12 15:12:49
Bid Price 2,654.00 High Price 2,700.00
Ask Price 2,655.00 Low Price 2,647.00
Open Price 2,695.00 Spread 0.04%
Prev Close 2,689.00 Volume 350,267.00

Associated British Foods Share Price Chart


Historic – 1 year

Associated British Foods Share Price Information

Name Associated British Foods Epic ABF
Sector Food Producers ISIN GB0006731235
Activites Associated British Foods can be categorised into four segments. These are grocery, primary food and agriculture, ingredients, and retail.The group has sales worldwide and manufacturing operations across Europe, North America, Asia, Australia and New Zealand. Security Type Equity

Key numbers

Latest Share Price (p) 2,654.50 Net Gearing (%) 32.52
Market Cap (£m) 21,082.28 Gross Gearing (%) 37.40
Shares in issue (m) 791.67 Debt Ratio 13.47
P/E Ratio 25.75 Debt-to-Equity Ratio 0.26
Divs per share (p) 36.75 Assets / Equity Ratio 1.60
Dividend Yield (%) 1.38 Price to book value 2.96
Dividend Cover 2.40 SROCE (%) 12.66
Earning per share (p) 103.40 EPS Growth (%) 53.64
52-week high / low (p) 3,761.50 / 2,339.00 DPS Growth (%) 5.00

Associated British Foods Broker Views

Date Broker Rec. Price Old target price New target price Notes
28 Nov Goldman Sachs Neutral 2,654.00 2600.00 2650.00 Reiterates
17 Nov Liberum Capital Buy 2,654.00 3500.00 3500.00 Reiterates
14 Nov Liberum Capital Buy 2,654.00 3500.00 3500.00 Reiterates
14 Nov Barclays Capital Equal weight 2,654.00 3050.00 3050.00 Reiterates
11 Nov Numis Buy 2,654.00 3000.00 3128.00 Upgrades

Associated British Foods Director Deals

Date Director Type Volume / Price Trade Value
24 Nov 2016 Charles Sinclair Buy 3240 @ 2594.87p £84,073.79
13 Jul 2016 Richard Reid Buy 3347 @ 2820.00p £94,385.40
08 Jul 2016 Dr Wolfhart Hauser Buy 2635 @ 26.60p £700.83
05 Jul 2016 John Bason Dividend Reinvestment Plan 469 @ 2733.00p £12,817.77

Associated British Foods Company News

ABF resolutions passed at AGM

Associated British Foods has confirmed that all resolutions proposed at its annual general meeting today were passed.

At 2:58pm: (LON:ABF) Associated British Foods PLC share price was +30p at 2693p

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Broker Forecast – Goldman Sachs issues a broker note on Associated British Foods PLC

Goldman Sachs today reaffirms its neutral investment rating on Associated British Foods PLC (LON:ABF) and raised its price target to 2650p (from 2600p).

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Director Deals – Associated British Foods PLC (ABF)

Charles Sinclair, Chairman, bought 3,240 shares in the company on the 24th November 2016 at a price of 2594.87p. The Director now holds 16,000 shares representing 0.00% of the shares in issue.

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Broker Forecast – Numis issues a broker note on Associated British Foods PLC

Numis today upgrades its investment rating on Associated British Foods PLC (LON:ABF) to buy (from add) and raised its price target to 3128p (from 3000p).

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ABF upgraded by Societe Generale

Societe Generale has upgraded its recommendation on Associated British Foods (LON:ABF) to ‘buy’ from ‘hold’, believing sugar profits are inflecting, Primark outlook is improving and that the risk-reward now looks compelling.

The broker added: “We forecast a sevenfold increase in sugar profits in 2017 and an improvement in Primark’s LFL growth after a disappointing 2016.

“We are encouraged by Primark’s progress in the US. Primark’s margins will likely be hit hard in 2017 on FX, but think this is now fully discounted, as ABF has been the worst performer in staples since its Sept pre close.”

Analysts have upped their target price to 3,150 pence per share from 2,820 pence.

Meanwhile, Kepler Cheuvreux lifted its recommendation on the diversified food, ingredients and retail group, yesterday, to ‘hold’ (from ‘reduce’) after the stock surpassed its unchanged 2,700 pence a share target.

Specifically, the broker said: “ABF has hit our TP, its balance sheet looks stronger post-disposals, and margin weakness at Primark is now baked into street estimates.

“While we like the roll-out story and cheap and cheerful fashion proposition, we remain concerned about the channel shift to online, where Primark lacks a sales platform.”

At 1:51pm: (LON:ABF) Associated British Foods PLC share price was -68.5p at 2504.5p

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