Associated British Foods (ABF)

Down
Share Price:
1,806.00p
Market Cap:
£12,695m
Change Today:
-37.00p
Sector:
Food

Shore Capital downgrades AB Foods after profit warning

By Michele Maatouk

Date: Friday 09 Jan 2026

LONDON (ShareCast) - (Sharecast News) - Shore Capital downgraded its stance on Associated British Foods on Friday to 'hold' from 'buy' after the Primark owner's profit warning a day earlier.
AB Foods cut its profit outlook on Thursday due to weaker performances at its Primark retail chain and US foods operations.

Shore Capital said Primark has faced challenging market conditions across Continental Europe, whilst also reporting some difficult trading patterns in US Grocery & Ingredients too.

"Sugar expectations are unchanged. Adjusted EBIT and EPS are guided below the FY25 out-turn, making for a notable downgrade to our estimates," the broker said.

"We cut our FY26F EPS by circa 11% to 161.7p. Following this disappointing update, we believe it is sensible to temper our positive stance on ABF stock to a hold position, noting we see a lot to like about the ABF business, but also need to understand and see how trading ultimately settles."

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ABF Market Data

Currency UK Pounds
Price 1,806.00p
Change Today -37.00p
52 Week High 2,315.00p
52 Week Low 1,759.00p
Volume 2,110,415
Shares Issued 702.95m
Market Cap £12,695m

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 10
Sell 4
Strong Sell 2
Total 17
neutral
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