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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Associated British Foods    ABF   GB0006731235

ASSOCIATED BRITISH FOODS

(ABF)
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Associated British Foods : A support level that should be taken advantage of

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10/10/2019 | 04:42am EDT
long trade on a pullback
Conditional Order Terminated
Entry price : 2041GBp | Target : 2234GBp | Stop-loss : 1990GBp | Cancellation Level : 2200GBp | Potential : 9.46%
The technical support around 2041 GBp emanating from daily closing prices could trigger a technical rebound for Associated British Foods shares.
Investors should buy the stock at current prices near GBp 2041 in order to target the GBp 2234.
Chart ASSOCIATED BRITISH FOODS
Duration : Period :
Associated British Foods Technical Analysis Chart | MarketScreener
Full-screen chart
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The share is getting closer to its long-term support in weekly data, at GBp 2070, which offers good timing for buyers.
  • The close medium term support offers good timing for purchasing the stock.
  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • Historically, the company has been releasing figures that are above expectations.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Associated British Foods : A support level that should be taken advantage of

Patrick Rejaunier
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (GBP)
Sales 2019 15 788 M
EBIT 2019 1 404 M
Net income 2019 1 032 M
Finance 2019 936 M
Yield 2019 2,09%
P/E ratio 2019 17,2x
P/E ratio 2020 15,1x
EV / Sales2019 1,05x
EV / Sales2020 0,98x
Capitalization 17 554 M
Upcoming event on ASSOCIATED BRITISH FOODS
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 2 672,01  GBp
Last Close Price 2 229,00  GBp
Spread / Highest target 45,8%
Spread / Average Target 19,9%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
George Garfield Weston Chief Executive Officer & Executive Director
Michael G. McLintock Chairman
John George Bason Executive Director & Finance Director
Emma Susan Adamo Non-Executive Director
Ruth L. Cairnie Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ASSOCIATED BRITISH FOODS9.10%22 596
NESTLÉ S.A.30.28%301 985
MONDELEZ INTERNATIONAL36.10%78 568
DANONE16.99%51 929
THE KRAFT HEINZ COMPANY-35.85%33 684
THE HERSHEY COMPANY42.50%32 080