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The latest update is out from Associated British Foods ( (GB:ABF) ).
Associated British Foods plc announced that its Executive Director, Eoin Tonge, has vested and released 35,511 ordinary shares, originally awarded in March 2023. To meet tax liabilities, Tonge sold 16,741 of these shares at a price of 2070.00 pence per share. This transaction reflects standard practice for executives managing tax obligations related to share awards and does not indicate any broader strategic shift within the company.
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.
Associated British Foods demonstrates robust financial performance and is trading at an attractive valuation. Despite some technical indicators showing mixed momentum, the company’s ongoing share buybacks are a positive signal. However, regulatory challenges in the Sugar business could affect future performance.
To see Spark’s full report on GB:ABF stock, click here.
More about Associated British Foods
Associated British Foods plc operates in the food processing and retail sectors, offering a diverse range of products including sugar, agriculture, grocery, and ingredients. The company is also known for its retail division, Primark, which focuses on fashion and is a significant player in the European market.
Average Trading Volume: 1,091,780
Technical Sentiment Signal: Buy
Current Market Cap: £14.7B
See more insights into ABF stock on TipRanks’ Stock Analysis page.