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Pin to quick picksAB Foods Share News (ABF)

Share Price Information for AB Foods (ABF)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2,719.00
Bid: 2,719.00
Ask: 2,720.00
Change: 5.00 (0.18%)
Spread: 1.00 (0.037%)
Open: 2,690.00
High: 2,722.00
Low: 2,690.00
Prev. Close: 2,714.00
ABF Live PriceLast checked at -

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RBC Capital Markets upgrades AB Foods to 'outperform'

Tue, 16th May 2023 10:10

(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.

More News
18 Apr 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 19 April 
Antofagasta PLCTrading Statement
discoverIE Group PLCTrading Statement
Distribution Finance Capital Holdings PLCFull Year Results
Hunting PLCTrading Statement
Just Eat Takeaway.com NVTrading Statement
Kainos Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
M Winkworth PLCFull Year Results
Network International Holdings PLCTrading Statement
Thursday 20 April 
AJ Bell PLCTrading Statement
Arix Bioscience PLCFull Year Results
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
Dianomi PLCFull Year Results
Dunelm Group PLCQ3 Results
Foxtons Group PLCTrading Statement
GB Group PLCTrading Statement
Hochschild Mining PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Oxford BioMedica PLCFull Year Results
PensionBee Group PLCTrading Statement
Rentokil Initial PLCTrading Statement
Rio Tinto PLCTrading Statement
Senior PLCTrading Statement
Segro PLCTrading Statement
WH Smith PLCHalf Year Results
Friday 21 April 
Angle PLCFull Year Results
BHP Group LtdTrading Statement
Lookers PLCFull Year Results
Monday 24 April 
Brighton Pier Group PLCFull Year Results
CentralNic Group PLCTrading Statement
Checkit PLCFull Year Results
Egdon Resources PLCHalf Year Results
Keystone Law Group PLCFull Year Results
Lok'n Store Group PLCHalf Year Results
Novacyt SAFull Year Results
Tuesday 25 April 
AB Dynamics PLCHalf Year Results
Anglo American PLCTrading Statement
Associated British Foods PLCHalf Year Results
Avacta Group PLCFull Year Results
Banco Santander SAQ1 Results
Card Factory PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Corero Network Security PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
IWG PLCTrading Statement
Jadestone Energy PLCFull Year Results
Next Fifteen Communications Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Petrofac LtdFull Year Results
Quilter PLCTrading Statement
Resolute Mining LtdTrading Statement
RWS Holdings PLCTrading Statement
Travis Perkins PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Whitbread PLCFull Year Results
  
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30 Mar 2023 11:48

AB Food's Primark to boost pay for 26,000 UK shop workers

(Alliance News) - Associated British Foods PLC's Primark is to hand its roughly 26,000 retail assistants a pay rise from next week.

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30 Mar 2023 10:52

Primark's UK workers to get 12% pay rise

LONDON, March 30 (Reuters) - Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said on Thursday.

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6 Mar 2023 11:42

Jefferies upgrades Tesco, Kingfisher

(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.

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6 Mar 2023 09:48

LONDON BROKER RATINGS: DB cuts Reckitt; Jefferies likes Tesco

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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1 Mar 2023 09:52

LONDON BROKER RATINGS: Canaccord says sell Future; Investec likes RWS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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28 Feb 2023 12:02

Deutsche Bank raises target price on AB Foods

(Sharecast News) - Analysts at Deutsche Bank raised their target price on Associated British Foods from 2,180.0p to 2,300.0p on Tuesday, stating its Primark unit had driven "another upgrade".

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28 Feb 2023 09:27

LONDON BROKER RATINGS: JPMorgan cuts Mondi; Rolls-Royce raised

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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28 Feb 2023 07:58

LONDON BRIEFING: abrdn swings to loss; Ocado retail sales fall

(Alliance News) - Stocks are likely to open flat on Tuesday in London, as investors wait to hear of progress in the breakthrough EU-UK deal on the Northern Irish border.

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27 Feb 2023 17:25

FTSE 100 snaps four-day losing streak on earnings optimism

Bunzl, Associated British Foods gain after results

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27 Feb 2023 17:10

European shares kick off week on solid footing, UK's Sunak strikes new deal with EU

Associated British Foods rises on strong Primark outlook

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27 Feb 2023 12:00

LONDON MARKET MIDDAY: Stocks up amid hope of UK-EU protocol deal

(Alliance News) - Stock prices in London were higher midday Monday, as investors remain optimistic over a potential UK-EU deal on the Northern Ireland protocol.

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27 Feb 2023 08:59

LONDON MARKET OPEN: Stocks rebound after hot PCE, as Brexit deal nears

(Alliance News) - European markets were rallying at Monday's market open, as the prospect of a UK-EU deal on Northern Ireland looks within reach.

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27 Feb 2023 08:23

TOP NEWS: AB Foods ups outlook as "resilient" spending boosts Primark

(Alliance News) - Associated British Foods PLC on Monday lifted annual guidance after a first-half where its Primark retail arm impressed, while inflation has become "less volatile".

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27 Feb 2023 07:53

LONDON BRIEFING: AB Foods raises expectations on "resilient" spending

(Alliance News) - Stocks in London were called slightly higher on Monday, as sentiment recovered from a shock US inflation print at the end of last week.

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