Barclays lifts target price for AB Foods
13th Sep 2023 07:51
(Sharecast News) - Barclays has raised its target price for the shares of Associated British Foods after the food, ingredients and retail group upped its profit guidance for the full year despite shrinking margins at its Primark division.
Read moreLondon close: Stocks maintain gains after latest jobs data
12th Sep 2023 15:48
(Sharecast News) - London's top-flight index ended Tuesday on a positive note, with AB Foods in focus on the back of an optimistic trading statement, as investors pored over the latest UK jobs data.
Read moreAB Foods lifts guidance again as Primark recovers
12th Sep 2023 07:03
(Sharecast News) - UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.
Read moreBroker tips: JD Sports, B&M, Diageo, Reckitt
21st Aug 2023 13:59
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Read moreDiscount retailers ABF and B&M to 'outperform', says RBC
21st Aug 2023 07:35
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Read moreDirector dealings: Made Tech CEO invests, AB Foods finance director pays tax bill
5th Jul 2023 14:00
(Sharecast News) - Made Tech Group was on the list of director buys on Wednesday, after its chief executive officer purchased almost 900,000 shares.
Read morePrimark Q3 sales up 13% on strong summer
26th Jun 2023 07:03
(Sharecast News) - Third-quarter sales at discount fashion chain Primark grew 13%, driven by strong summer sales and higher prices as customers seek value for money amid the cost of living crisis, leading parent company Associated British Foods to lift annual guidance.
Read moreRBC Capital Markets upgrades AB Foods to 'outperform'
16th May 2023 10:10
(Sharecast News) - RBC Capital Markets upgraded Primark owner Associated British Foods on Tuesday to 'outperform' from 'sector perform' and lifted the price target to 2,250p from 2,150p.
Read moreBroker tips: Smiths Group, AB Foods, Loungers
16th May 2023 08:20
(Sharecast News) - Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to 'buy' from 'underperform' and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".
Read moreAB Foods sees flat FY as Primark interims fall on inflation pressures
25th Apr 2023 07:01
(Sharecast News) - Shares in Primark owner Associated British Foods fell sharply on Tuesday as the clothing retailer-to-foods group guided for flat annual profits and expressed caution over consumer spending amid the cost of living crisis.
Read moreJefferies upgrades Tesco, Kingfisher
6th Mar 2023 11:42
(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.
Read moreDeutsche Bank raises target price on AB Foods
28th Feb 2023 12:02
(Sharecast News) - Analysts at Deutsche Bank raised their target price on Associated British Foods from 2,180.0p to 2,300.0p on Tuesday, stating its Primark unit had driven "another upgrade".
Read moreAB Foods lifts guidance as consumer spending holds up
27th Feb 2023 07:14
(Sharecast News) - Primark owner Associated British Foods lifted full-year guidance consumer spending proved to be more resilient in the first half, with Britons buying early for the summer.
Read morePrimark sales rise 15% over Christmas
24th Jan 2023 07:03
(Sharecast News) - Primark owner Associated British Foods on Tuesday posted a 20% rise in sales during the Christmas period as consumers continued to hunt for bargains amid the cost-of-living crisis and return to city shopping centres.
Read moreDeutsche Bank upgrades Associated British Foods to 'buy', sees headwinds reversing
23rd Jan 2023 11:48
(Sharecast News) - Deutsche Bank upgraded its recommendation for shares of Associated British Foods from 'hold' to 'buy', judging that the headwinds from energy prices and foreign exchange rates were reversing.
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