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Associated British Foods ( (GB:ABF) ) has provided an update.
Associated British Foods plc has repurchased 37,842 of its ordinary shares from Barclays Capital Securities Limited as part of its share repurchase program. The shares were purchased at an average price of GBp 2049.3774 and will be cancelled, which is expected to impact the company’s share capital structure positively, potentially enhancing shareholder value.
The most recent analyst rating on (GB:ABF) stock is a Hold with a £2150.00 price target. To see the full list of analyst forecasts on Associated British Foods stock, see the GB:ABF Stock Forecast page.
Spark’s Take on GB:ABF Stock
According to Spark, TipRanks’ AI Analyst, GB:ABF is a Outperform.
The overall score of 75 reflects strong financial performance and stable technical indicators, supported by a favorable valuation. The positive impact of share buybacks is offset by challenges in the sugar business.
To see Spark’s full report on GB:ABF stock, click here.
More about Associated British Foods
Associated British Foods plc is a diversified international food, ingredients, and retail group. The company operates in various sectors including sugar, agriculture, grocery, and ingredients, with a significant presence in the retail industry through its Primark brand.
Average Trading Volume: 1,121,806
Technical Sentiment Signal: Buy
Current Market Cap: £14.98B
For detailed information about ABF stock, go to TipRanks’ Stock Analysis page.