ASSOCIATED BRITISH FOOD - ABF - LSE - BUY?Seems like a good opportunity to buy? Price bouncing off 50 period moving average, the stock seems to be in good upward momentum, possible target previous highs?
Next report date
Report period
H2 2024
EPS estimate
1.22EUR
Revenue estimate
12.31 BEUR
1.805EUR
1.20 BEUR
22.80 BEUR
304.86 M
About ASSOCIATED BRITISH FOODS PLC ORD 5 15/22P
Sector
CEO
George Garfield Weston
Headquarters
London
Website
Employees (FY)
133 K
Founded
1934
ISIN
GB0006731235
FIGI
BBG000BSRMC4
Associated British Foods Plc engages in the business of manufacturing and trading of consumer goods. It operates through the following segments: Grocery, Sugar, Agriculture, Ingredients and Retail. The Grocery segment produces beverages, sweeteners, vegetable oils, bread, baked goods, cereals, herbs and spices, and meat products. The Sugar segment processes and markets sugar beet and sugar cane. The Agriculture segment produces and distributes animal feeds. The Ingredients segment manufactures bakers' yeast, enzymes, lipids, yeast extracts, and bakery ingredients. The Retail segment sells clothes and accessories through the Primark and Penneys retail stores. The company was founded in November 1935 and is headquartered in London, the United Kingdom.
Associated British Foods. Critical level. ABF, British multinational food processing and retail company, a real powerhouse when it comes to house hold products.
Ovaltine, silver spoon, blue dragon, Kingsmill bread, Patak's curry, Twinings, Allinson and of course Primark - leading fast fashion brand with 384 stores across 13 countries.
Tra
ABF LongMonthly, weekly pattern found
Weekly, Daily trend looking to go high as the trend line drawn
Great long opportunity
Bear Flag: PRIMARK Share Price Could Slip -18%The holding company for Primark which is known as "Associated British Foods" chart currently shows a classic bear flag formation, with a perfect straight top which is acting as a strong resistance, and an upwards trending bottom support line which mainly seems to be driven by traders looking for sma
ABF Volume Profile AnalysisIf we stay above 2231 (the week has ended there), we will go to 2401. And if we will overcome 2401 we will go up to 3018 (about 25%)
But we need take into account, that we can have false breakdown. Though this stocks loves some levels and it trades nicely according to them
ABF - Associated British Foods - Good R/R Trade Potential - BuyDaily chart analysis - Just sitting above major trend line support and trading within a falling wedge structure. Indicators show a rising RSI with MACD diverging to price. Favourable R/R trade with 1st target price 2490
abf - At support level - time to buyLooks like its time for abf to justify its relatively high current earnings rating.
Associated British Foods ~ Long Swing TradeRecently oversold with signs of new uptrend.
Hold till overbought RSI/resistance level/signs of bearish reversal
Place stop loss at 2800
Risk/reward ratio: 7
ABF - Buy With Divergence 4hr & 1hrWe have divergence to price on the 4hr & 1hr chart with MACD & RSI. Potential for a good risk reward trade here
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Frequently Asked Questions
The current price of AFO1 is 30.850 EUR — it has increased by 1.45% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on SWB exchange ASSOCIATED BRITISH FOODS PLC stocks are traded under the ticker AFO1.
ASSOCIATED BRITISH FOODS PLC is going to release the next earnings report on Nov 5, 2024. Keep track of upcoming events with our Earnings Calendar.
AFO1 stock is 1.73% volatile and has beta coefficient of 1.00. Check out the list of the most volatile stocks — is ASSOCIATED BRITISH FOODS PLC there?
AFO1 earnings for the last quarter are 0.92 EUR per share, whereas the estimation was 0.89 EUR resulting in a 3.87% surprise. The estimated earnings for the next quarter are 0.95 EUR per share. See more details about ASSOCIATED BRITISH FOODS PLC earnings.
ASSOCIATED BRITISH FOODS PLC revenue for the last quarter amounts to 11.74 B EUR despite the estimated figure of 12.22 B EUR. In the next quarter revenue is expected to reach 11.50 B EUR.
Yes, you can track ASSOCIATED BRITISH FOODS PLC financials in yearly and quarterly reports right on TradingView.
AFO1 stock has risen by 6.34% compared to the previous week, the month change is a 6.01% rise, over the last year ASSOCIATED BRITISH FOODS PLC has showed a 41.84% increase.
AFO1 net income for the last quarter is 774.59 M EUR, while the quarter before that showed 596.53 M EUR of net income which accounts for 29.85% change. Track more ASSOCIATED BRITISH FOODS PLC financial stats to get the full picture.
Today ASSOCIATED BRITISH FOODS PLC has the market capitalization of 23.25 B, it has increased by 13.63% over the last week.
ASSOCIATED BRITISH FOODS PLC dividend yield was 2.27% in 2023, and payout ratio reached 35.25%. The year before the numbers were 3.30% and 49.26% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, AFO1 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ASSOCIATED BRITISH FOODS PLC stock right from TradingView charts — choose your broker and connect to your account.
As of May 2, 2024, the company has 133.00 K employees. See our rating of the largest employees — is ASSOCIATED BRITISH FOODS PLC on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ASSOCIATED BRITISH FOODS PLC technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ASSOCIATED BRITISH FOODS PLC stock shows the strong buy signal. See more of ASSOCIATED BRITISH FOODS PLC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on ASSOCIATED BRITISH FOODS PLC future price: according to them, AFO1 price has a max estimate of 39.83 EUR and a min estimate of 25.77 EUR. Read a more detailed ASSOCIATED BRITISH FOODS PLC forecast: see what analysts think of ASSOCIATED BRITISH FOODS PLC and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ASSOCIATED BRITISH FOODS PLC EBITDA is 2.94 B EUR, and current EBITDA margin is 12.11%. See more stats in ASSOCIATED BRITISH FOODS PLC financial statements.