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

ASSOCIATED BRITISH FOODS PLC

(ABF)
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Associated British Foods : The beginning of the move

11/12/2019 | 02:48am EST
11/12/2019 | 02:48am EST
long trade
Target price hit
Entry price : 2451GBX | Target : 2575GBX | Stop-loss : 2400GBX | Potential : 5.06%
Associated British Foods shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the GBX 2575.

>> 

Associated British Foods : Associated British Foods : The beginning of the move
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 company is in a robust financial situation considering its net cash and margin position.
  • 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.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • Analysts covering this company mostly recommend stock overweighting or purchase.

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at GBp 2571.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • Analysts covering the stock have recently lowered their earnings forecast.

© Zonebourse.com 2019
Stocks mentioned in the article
ChangeLast1st jan.
ASSOCIATED BRITISH FOODS PLC 2.48% 2360 Delayed Quote.-9.16%
AT HOME GROUP INC. -3.18% 16.73 Delayed Quote.204.18%
BYD COMPANY LIMITED 1.50% 175.5 End-of-day quote.351.74%
JUST GROUP PLC -0.78% 57.45 Delayed Quote.-27.28%
WILL GROUP, INC. 0.40% 998 End-of-day quote.-20.29%

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
Sales 2021 15 390 M 20 679 M 20 679 M
Net income 2021 827 M 1 111 M 1 111 M
Net Debt 2021 1 049 M 1 410 M 1 410 M
P/E ratio 2021 22,5x
Yield 2021 1,60%
Capitalization 18 641 M 25 113 M 25 048 M
EV / Sales 2021 1,28x
EV / Sales 2022 1,19x
Nbr of Employees 133 000
Free-Float 44,3%
Upcoming event on ASSOCIATED BRITISH FOODS PLC
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 2 253,16 GBX
Last Close Price 2 360,00 GBX
Spread / Highest target 18,6%
Spread / Average Target -4,53%
Spread / Lowest Target -42,8%
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 FOODS PLC-9.16%25 113
NESTLÉ S.A.-5.52%309 394
MONDELEZ INTERNATIONAL, INC7.17%84 423
THE KRAFT HEINZ COMPANY6.19%41 716
DANONE S.A-30.20%40 649
GENERAL MILLS, INC.12.85%36 949