Associated British Foods plc (LON:ABF – Get Free Report) insider Loraine Woodhouse bought 1,074 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were purchased at an average price of GBX 1,853 per share, for a total transaction of £19,901.22.
Associated British Foods Trading Down 0.9%
LON:ABF traded down GBX 16.63 during trading hours on Thursday, reaching GBX 1,836.87. 1,546,406 shares of the company were exchanged, compared to its average volume of 10,104,240. The company has a debt-to-equity ratio of 33.33, a current ratio of 1.54 and a quick ratio of 0.93. The firm has a market cap of £12.92 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.51 and a beta of 0.84. Associated British Foods plc has a 52-week low of GBX 1,729.45 and a 52-week high of GBX 2,359. The stock has a 50 day simple moving average of GBX 1,885.73 and a 200 day simple moving average of GBX 2,019.37.
Associated British Foods (LON:ABF – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported GBX 62.70 earnings per share for the quarter. The company had revenue of GBX 947 billion for the quarter. Associated British Foods had a net margin of 5.27% and a return on equity of 9.30%. As a group, analysts predict that Associated British Foods plc will post 188.0990415 EPS for the current year.
Key Associated British Foods News
- Positive Sentiment: ABF said it will spin off Primark into a standalone retailer in 2027 — a move management presents as a value‑unlock that could let the market value the fast‑growing Primark separately from ABF’s food ingredient businesses. AB Foods to spin off Primark in bid to unlock group’s value
- Positive Sentiment: Coverage across outlets repeats that Primark will become a standalone listed retailer after the 2027 demerger — a structural change investors view as potentially positive for long‑term shareholder value if executed well. Primark Will Become a Standalone Retailer After ABF Demerger in 2027
- Positive Sentiment: Industry coverage details the planned separation timeline and rationale, reinforcing the message that the group intends a clean split of Primark in 2027 — an item that could be a catalyst for re‑rating over time. Primark Will Become Stand‑alone Retail Company Following Its Separation From ABF in 2027
- Neutral Sentiment: ABF reported quarterly EPS of GBX 62.70 and revenue (reported figures), with ROE ~9.3% and net margin ~5.3% — results that look mixed and offer limited immediate upside without clearer guidance on the split and profit trajectory. Earnings release and conference materials
- Neutral Sentiment: Deutsche Bank reaffirmed a “hold” and set a GBX 1,925 price target — a cautious stance that does not endorse a near‑term buy despite the demerger news. Deutsche Bank hold and GBX 1,925 target
- Negative Sentiment: Jefferies reiterated an Underperform rating, which is bearish and likely contributed to selling pressure after the demerger announcement. Jefferies Reiterates Underperform Rating for Associated British Foods (LON:ABF)
- Negative Sentiment: JPMorgan cut its price target from GBX 1,940 to GBX 1,780 and kept a neutral stance — a tangible downward revision that can pressure sentiment and near‑term price levels. JPMorgan lowers price target to GBX 1,780
- Negative Sentiment: Media coverage and intraday trading showed ABF underperforming peers and falling after the news flow, reflecting investor uncertainty about timing, tax/structural implications and short‑term dilution of focus. Associated British Foods falls, underperforms market
- Positive Sentiment: Some commentary frames the demerger as a buying opportunity, arguing the market may over‑discount ABF near term and that clearer separations can create shareholder value. Time to buy ABF after this exciting news?
Analysts Set New Price Targets
Several research firms have recently weighed in on ABF. Royal Bank Of Canada downgraded shares of Associated British Foods to an “underperform” rating and dropped their target price for the stock from GBX 2,050 to GBX 1,850 in a research report on Monday, April 13th. Citigroup lowered their price objective on shares of Associated British Foods from GBX 1,710 to GBX 1,600 and set a “sell” rating on the stock in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Associated British Foods from GBX 1,940 to GBX 1,780 and set a “neutral” rating on the stock in a research report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,650 price objective on shares of Associated British Foods in a research report on Tuesday. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Associated British Foods in a research report on Friday, April 17th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of GBX 1,761.
Read Our Latest Analysis on Associated British Foods
Associated British Foods Company Profile
Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia.
Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money. With the breadth of our business, our brands and global reach, ABF aims to consistently deliver value to its stakeholders.
Our business is split into five segments: Grocery; Sugar; Agriculture; Ingredients; and Retail.
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