Associated British Foods weakens after holding outlook for flat EPS

A general view of varied products including Kingsmill bread Allinson bread Primark Ovaltine Ryvita Pataks Twinings and Jordan cereals from Associated British Food

A general view of varied products including Kingsmill bread Allinson bread Primark Ovaltine Ryvita Pataks Twinings and Jordan cereals from Associated British Food

Liberum Capital restated a "buy" rating on shares of Associated British Foods in a research report on Tuesday, July 2nd. Therefore 100% are positive. The stock has an average rating of "Buy" and a consensus target price of GBX 2,903.50 ($37.94).

Associated British Foods (ABF.L) said early on Monday that its full-year adjusted earnings per share were expected to be in line with last year, as "strong" profit performances at its grocery and budget clothing business were set to be offset by an anticipated decline in the sugar unit. "Associated British Foods will now have to either stomach lower profit margins by keeping prices the same so as to not risk alienating its customer base, or see if its brand is strong enough to push through higher selling prices without customers going elsewhere.' But John Bason, Associated British Foods's finance director, said customers will 'have the same old dependable pricing from Primark that they've ever had". Kepler Cheuvreux maintained it with "Buy" rating and GBX 2900 target in Thursday, April 25 report. Credit Suisse Group reaffirmed an "outperform" rating on shares of Associated British Foods in a report on Wednesday, July 3rd. Jefferies has "Buy" rating and GBX 2800 target. They now have a GBX 3,150 ($41.16) target price on the stock. About 411,630 shares traded. It has by 0.00% the S&P500.

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. The company has market cap of 17.51 billion GBP. It operates through five segments: Grocery, Sugar, Agriculture, Ingredients, and Retail. It has a 19.97 P/E ratio.

USA president denies involvement in Pence stay at Trump hotel
Much of it revolves around a clause in the US Constitution that prohibits US officials from receiving "emoluments", or payments, from foreign governments.

Elsewhere, the operating profit from its sugar division is expected to be in line with past year, while the grocery arm is expected to deliver operating profit "well ahead" compared to the previous 12 months.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Recommended News

  • Hurricane Dorian is sending bricks of cocaine to Florida beaches

    Hurricane Dorian is sending bricks of cocaine to Florida beaches

    A photo of the brick shows the brick with the letters "D-I-A-M-A-N-T" visible. "The item was taken into custody", Mall said. The collective street value of the 16 bricks found on Paradise and Cocoa Beaches is thought to be around $400,000.
    A$AP Rocky’s Swedish Lawyer Shot in Head and Chest

    A$AP Rocky’s Swedish Lawyer Shot in Head and Chest

    Police are investigating the incident as an "isolated incident" and it's not clear whether he was targeted because of his work. Local emergency services responded to the call at 8:59 a.m., and Lilja was then rushed to the hospital.
    Lenovo's New Smart Display Brings New Design, Stereo Sound

    Lenovo's New Smart Display Brings New Design, Stereo Sound

    Lenovo announced two new smart tablets and a smart display at its Tech Life event at IFA 2019 in Berlin, Germany. This is the intended successor for the Yoga Tab 3 but with top-of-the-line audio , video and more.
  • Volkswagen e-Beetle debuts e-Up's updated drivetrain

    Volkswagen e-Beetle debuts e-Up's updated drivetrain

    Volkswagen says the e-Up can complete the 0-100km/h standard in 11.9s, hit a top speed of 130km/h, and has a 260km driving range. It's an interesting twist on classic auto motoring, and a concept that could carry the hobby well into the future.
    Chris March Dies: ‘Project Runway’ Designer, ‘Mad Fashion’ Host Was 56

    Chris March Dies: ‘Project Runway’ Designer, ‘Mad Fashion’ Host Was 56

    Following his hospitalization, March entered a nursing facility. "The coma lasted about 2 months", March wrote in a statement. The emcee of the show was Tim Gunn of Project Runway and he came up to me afterwards and said that I should try out.
    Midrange Smartphones With Qualcomm 5G Modems Are Coming Soon

    Midrange Smartphones With Qualcomm 5G Modems Are Coming Soon

    The Series 6 platform will make even more devices 5G-capable and those are expected to be commercial in the second half of 2020. Qualcomm has also announced that it's rebranding its 5G solutions to make it a bit easier for consumers to follow the details.
  • Rafael Nadal, 33, nineteen going on twenty?

    Rafael Nadal, 33, nineteen going on twenty?

    If nowhere else, Nadal will be a hot favourite at the French Open, where he has won a record 12 titles including the last three. The US Open was Nadal's 19th Grand Slam championship, and he won it two years faster than Federer won his 19th.
    1 acquitted in deadly warehouse fire; jury deadlocks on 2nd

    1 acquitted in deadly warehouse fire; jury deadlocks on 2nd

    Getz said people were living in substandard housing because they couldn't afford the San Francisco Bay Area's expensive rents. Michela Gregory and her 22-year-old boyfriend, Alex Vega, died when fire roared through the so-called Ghost Ship warehouse.
    Recession risks rise for Germany as industrial orders plunge

    Recession risks rise for Germany as industrial orders plunge

    This is able to be the weakest enlargement since 2013 when the euro zone struggled amid a sovereign debt disaster. Within industry, the production of intermediate goods fell 0.7% and the production of capital goods dropped 1.2%.
  • Days Gone New Game Plus Mode Gets A Release Date

    Days Gone New Game Plus Mode Gets A Release Date

    Bend Studio is implementing New Game Plus and two new difficulty modes on Days Gone next week, it announced. This is sure to excite all the super fans out there who love to play games like Days Gone .
    Microsoft releases preview of rebooted PowerToys for Windows 10

    Microsoft releases preview of rebooted PowerToys for Windows 10

    Tools that are on the way include a screen recorder that outputs animated GIFs and maximize to new desktop widget, among others. The Windows Key Shortcut Guide offers a full-screen overlay that shows keyboard shortcuts for the window that's now in focus.
    Nadal aims ball into US Open broadcast booth

    Nadal aims ball into US Open broadcast booth

    Nadal remains on track to win his 19th Grand Slam title this week having fended off Diego Schwartzman to reach the semi-finals. I need to go to sleep. "I don't know how", Schwartzman said, "but this guy is improving every time".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.